Re: Will the bitcoin ETF have any impact on the bitcoin price?
For those who dont have knowledge or having that experience then for sure they would really be having this kind of impression on which that ETF approval turns out to be shit, but for those people who are really that
having some experience on how market works and how it behaves and other fundamentals then they would really be normally be trying out to assume that positive effects of this ETH approval might take up some time.
Now that the price is really that having some correction or retracement but i wont be shocked if this one would be easily breaking 50k-60k on this year or few months later.
We do really just need up some another positive catalyst which would really be pushing up the price goes higher but well we do know on how this market behaves or works.
Lets just see on how it would really be able to make that huge effect into this market now that intitutional funds are really that flowing into but i wont really be shocked
if there would really be some obvious manipulative kind of acts.
Those big corporations with big deep pockets going into bitcoin will definitely have something benefiting us. I know that its not going to be all that simple, and I know that it will take a while to make that work, yes it is not that simple, but at the end of the day we are talking about people who are having some sort of situation that doesn't really feel like a big deal to me. I know its not that simple, and I know that it will have some problems when all that much money comes in all at once, and if there are any corrections afterwards, it will be brutal for many investors as well.having some experience on how market works and how it behaves and other fundamentals then they would really be normally be trying out to assume that positive effects of this ETH approval might take up some time.
Now that the price is really that having some correction or retracement but i wont be shocked if this one would be easily breaking 50k-60k on this year or few months later.
We do really just need up some another positive catalyst which would really be pushing up the price goes higher but well we do know on how this market behaves or works.
Lets just see on how it would really be able to make that huge effect into this market now that intitutional funds are really that flowing into but i wont really be shocked
if there would really be some obvious manipulative kind of acts.
But, I do see the long term results of this to be great and should be something that we could all enjoy and feel happy about, because the price will go up.