Ah ok, yes it will have a profound impact. Especially if the ETF is physically backed by the currency it represents. A physically backed bitcoin ETF would likely lift bitcoin prices rather dramatically as the fund would have to go out and purchase the coins. Gold ETFs sent the price of gold "to the moon".
Tough to say, though I would not be shocked to see bitcoin hit something like $50k over the next 2-3 years as bitcoin ETFs make their way onto the scene.
I Hope For A Better Result..!!
By The Way You Have A Great Knowledge Of Analysis..
I request You To share More posts Like this. I Found It really Helpful
Thank You So Much
ya Sorry i just typed it wrong.
Ah ok, yes it will have a profound impact. Especially if the ETF is physically backed by the currency it represents. A physically backed bitcoin ETF would likely lift bitcoin prices rather dramatically as the fund would have to go out and purchase the coins. Gold ETFs sent the price of gold "to the moon".
The Chart Of Bitcoin is As Similar as Gold And Hence we can See a Huge Pump Into It.
So, What Do You Predict Its Price After Thr ETF.?
Tough to say, though I would not be shocked to see bitcoin hit something like $50k over the next 2-3 years as bitcoin ETFs make their way onto the scene.
I Hope For A Better Result..!!
By The Way You Have A Great Knowledge Of Analysis..
I request You To share More posts Like this. I Found It really Helpful
Thank You So Much