Will Bitcoin be approved in January?
Assalamu Alaikum
Hope everyone is well. Alhamdulillah I am also very well. Friends in today's post I will share some important information about bitcoin etf. There is currently a lot of discussion about Bitcoin etf. This is a good news for us as a result of which the price of Bitcoin has pumped a lot. If bitcoin etf is approved then its price will increase several times. But the issue is actually when will etf approve. In January 2024 we will all have an eye on why not. Usa sec may give their decision within first 10 days of January. However, let's now know the probability of its approval in January. Big companies have applied for etf approve including blackrock. Who will invest about 1 trillion dollars in Bitcoin. which is the usage amount. The last date of etf approve is March 2024. Either it will be approved in January or it will be approved in March. We will get the approval news in one month or the other. From many news it is understood that maybe they will take more time to approve etf. There is a possibility that etf will not be approved in January.
I have been trying to learn more about etf for a while now. I have watched many videos on Twitter and YouTube for this. In most of the interviews, I saw that it was indirectly mentioned that etf is not approved. It may not be approved in January. If not, it's bad news for us as we may see the market down. So will Bitcoin fall below 30k$ again. In my opinion it is more likely not to land. Because a lot of bad news has come but the price of Bitcoin has not gone down. Like a few days ago cz left binance despite a lot of bad news but its price did not drop. Again the market did not correct that much. It baked again when its price went down. Which is definitely a good thing.
In my opinion, even if etf doesn't approve, bitcoin may not have such a big down. There are many investors who want to invest in Bitcoin. If the market goes down, everyone will invest in it and its price will recover very quickly. Then hopefully Altcoins will pump. Many people have pressed sec to get my bitcoin etf approved. Etf may be approved in January as well. In my opinion it is likely to not be approved. But even if it is not approved in January, it will be approved in March. And halving will happen in April. Hopefully, 2024 will be a good time for Bitcoin, but bad times may come in January and February. Then you can invest if you want. Hope you understand this. Bitcoin can hit 100000$ in 2024 I think. Let's see what happens.
Friends to know more about etf you can read my previous posts. There I discuss it in detail. Hope you can learn more by watching Sota. And explained what spot etf is there. If you don't know, you can come and see. Because it is very important to know about spot etf in 2024. Then you will get good profit in 2024. Friends this was today's post Viewing any new post. Thanks everyone.
The possibility of not being approved is more, now Allah knows the rest!
Let's see...!
You are talking about Bitcoin ETF in this post and I don't think it is going to be approved in January however the discussions are already started but the approval process might take some time which can be a few months
I think it will approve in march. I explained it in my post. Thanks for sharing your thought.
Nice article from you friend, personally I think this etf will keep on being postponed until the later part of next year which will probably kickstart the bull after the halving, my thoughts though 🙂
Thanks for reading.