Post
Topic
Board Speculation
Re: Will the bitcoin ETF have any impact on the bitcoin price?
by
nimogsm
on 20/01/2024, 15:53:31 UTC
We can see the price crashing since its release.

I would think that it will take a while for the ETF's to have any impact because they were just released.

That has an impact; we won't feel it right away because the approved institutional companies that gave their applications still have compliances that must be submitted to the SEC, as far as I know, if I'm not mistaken.

So instead of thinking about the impact of that ETF, we should continue what we started to accumulate: Bitcoin and other cryptocurrencies that can give us big profits or savings in the future. Let's just wait for a few periods to see the impact of the result of this ETF after the approval of the SEC.
Because this was more a step towards legalization and recognition in the large financial sector, which is already good. Yes, the fact that the price did not immediately increase disappointed many, but it was predictable, this is just the first step, then more and more funds will join if the result satisfies them .And our task now is to continue to accumulate our reserves in this you are absolutely 100% right