Bitcoin ETF Approved!

Finally, the big day has arrived for the Bitcoin lovers and whoever is in the crypto market because the spot ETF has been approved. This was one of the most awaited news and event and with this, the start of this year 2024 has been great. Another event is going to be the Bitcoin halving which is scheduled to happen in April and if we go by the historical records then every halving has triggered the Bitcoin price to be in Bull Run. This is like an opportunity for us to enter the market and buy more coins so that when the bull run starts we can book some nice profit.

The demand for Bitcoin is going to rise over time because ETF will encourage more institutional investors. Etf is the legal tradable format for the Bitcoin and this means the Bitcoin has got the value as an asset in the market and this can be traded legally. Although exchanges are also legal entities through which we can buy and sell our Bitcoin ETF is something in a different form where we can expect more big investors to be buying this way.

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Many companies are exploring Bitcoin and now with ETF approval, they have the option to enter the crypto market and justice imagine how much money will inflow through this way. I don't think we are going to see an instant impact in the market in a significant manner but if we talk about the long-term situation then it is going to be much more valuable.

Let's stay hopeful and see how things are turning up better because after Halloween it is expected that the price for Bitcoin will improve. After all, the rewards will be reduced by 50%. Even there is a possibility that that event also not trigger the price immediately however it will be the start of the bull run which might end this year end or probably the next one. What are your thoughts about the Bitcoin ETF and how do you see the value coming to Bitcoin as a whole?

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