Bitcoin Demand After ETF Approval || Steem Alliance Community.

in Steem Alliance8 months ago

Hello Everyone,


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Good evening everyone, how are you, i hope you all guys will happy and good. By the grace of God, i am also good. Today i am here with new post in which i am going to talk about bitcoin availability and impact on market.

ETF for Bitcoin are a big deal. They make it easier for regular people and big companies to buy Bitcoin. When a lot of people want to buy Bitcoin then its price goes up. Bitcoin is being kept in ETFs, so there is less amount available to buy on regular platforms.

Since there are only a limited number of Bitcoins and more are being held for long-term. there might be less available to buy. This could make prices go up a lot. even more than people thought that ETFs make Bitcoin seem more official and easier to buy, but it also means there might not be as much Bitcoin available to buy which could make prices go crazy.

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Many analyst are saying that Investors will face bitcoin shortage in the upcomming months. Right now, there are about 3 million Bitcoins available for trading but if people don't want to sell their bitcoins and ic this happens. there won't be many Bitcoins to buy which could make prices shoot up.

This shortage could happen if more and more people want Bitcoin, especially because institutions are involving in it after ETF approval. ETFs are becoming popular and more people see Bitcoin as a way to protect against inflation.

But we also need to think about other things like government rules, new technology and other economy situations and how people feel about investing. While it is possible that there won't be enough Bitcoin to go around. we can not say for sure when or how much it will affect prices because a lot of things are changing.

Market sentiment plays very important and vital role in the adoption and movement of cryptocurrencies. If people do not have any confidence about a cryptocurrency, it may be difficult for it to grow.

The whole market are in bullish trend. Btc is trading at 73200 level. It would be my pleasure if you will share your opinion and reviews on my post.

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