Will Bitcoin reach an all-time high after the approval of the ETFs or will it collapse?
Hello friends, many predict that the amount of bitcoin in the exchanges has decreased in the last 30 days, although it has had a small increase from December 3 to today due mainly to the sale of bitcoin that the miners.
On the other hand, the BTC held by long-term holders or investors reaches higher figures every day, meaning that there is a general consensus among this type of investors not to sell in the short term, so so far the data does not tell us. indicate that we will have a gigantic or catastrophic fall that takes the price of bitcoin to 30,000 20,000 or lower.
However, what is possible and to a certain extent normal and logical is to have some setbacks, there are also those who theorize that spot bitcoin etfs will not be approved and this is what will cause a massive drop, which is unlikely since the SEC has not rejected any ETFs so far and has only requested updates to them, and all the investment funds that are requesting BTC ETFs believe that it is only a matter of time before they are approved.
On the other hand, there are those who believe that the price of bitcoin will collapse and sink when this ETF receives its approval and with respect to this, several aspects must be taken into account since it is not something as simple as a typical buy the rumor and sell event. the news. It is true that there will be short-term investors who want to sell and take profits when the etf of btc is approved.
Furthermore, once these ETFs are approved, we will have to wait perhaps one or two months for them to actually begin trading on the US stock market, so institutional money will not enter overnight and the real effect of spot bitcoin etfs will be seen in the coming months.
However, the approval of the ETFs is not an inconsequential event created simply to cause momentary euphoria since the demand by institutional capital to acquire bitcoin in a fully regulated manner is 100% real, it is even more so before these bitcoin ETFs We have already seen the great interest that institutional investors have in BTC. BlackRock itself was already investing in shares of bitcoin mining companies years ago.
Since events that really encourage the entry of capital into an asset do not usually provoke this type of reaction of selling en masse, something very similar happened with the Ethereum update when they changed proof-of-work mining for staking, many believed it was an event where people were buying the rumor and would sell the news, however the impact on sales after the release of this update was much less than what some predicted precisely because it was an update that encouraged people to invest in the long run. term in ethereum. In summary, so far there is no verifiable data of a gigantic or catastrophic fall in the short term.
 |  |
|---|
Thank you, friend!
I'm @steem.history, who is steem witness.
Thank you for witnessvoting for me.
please click it!
(Go to https://steemit.com/~witnesses and type fbslo at the bottom of the page)
The weight is reduced because of the lack of Voting Power. If you vote for me as a witness, you can get my little vote.
Link Twitter
https://twitter.com/joel_jai1/status/1733054199552713090
Dear @joeljaimes1982 ,
We appreciate your active participation and contributions to our community. To ensure a positive environment for all members, we have implemented a set of guidelines to maintain respectful and constructive discussions while upholding community guidelines.
This is an interesting post you have shared but I think btc will continue rising after the etf approval
Now Engage, Connect, and Inspire Each Other to Reach New heights.
Thank You.
There is a high percentage that bitcoin achieves its historical maximum before the end of the year, all thanks to the fomo that exists due to the possible approval of the ETFs, but if you analyze the situation, institutional money will not go to exchanges such as Binance, Coinbase, among others, it was directly to the stock market which could create two alternative markets... Well that's my thinking.