With recent news that the CBOE has been "nudging" the SEC to approve a Bitcoin-based ETF, I thought it would be worth exploring what kind of impact this could have on the price.
Let me know your thoughts down below!
DISCLAIMER: This is NOT financial advice. I am just offering my opinions. I am not responsible for any investment decisions that you choose to make.
I agree there...
I think bitcoin etf is gonna explode the bitcoin price and I sure am hoping for that
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A bitcoin ETF would cause a massive inflow @louisthomas ...and likely may be the item that will cause a 50% plus gain from these levels. Although I believe it would fizzle. We are going to be in a consolidation period likely for the next year before this logarithmic trend holds and continues...
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thomas the price can go either ways,, thanx for the video again mate
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well to me it looks like it can't really fall below 6k so far, not even with outside intervention!
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Cryptocurrency market was 2 months recently in town and we hope to trying to our best fruits reservation on road under the cryptocurrency and Bitcoin many peoples want to invest there but they didn't know it was there because the 25 point 98% share market was 2 months down and who to trying the bestest in this situation of the cryptocurrency market let's see what happened and we will try to our best and once the cryptocurrency market back again on this road!
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A Bitcoin ETF would be a watershed moment for crypto and BTC in particular as it would signal mainstream acceptance of crypto as an alternative asset class by the finance industry and result in a huge influx of institutional money into the crypto space. However for this to happen regulatory issues surrounding crypto would have to be resolved. In particular the "bun fight" between the various regulatory agencies regarding who actually regulates crypto would have to be definitively settled and IMHO I can't see this happening anytime soon.
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I hope BitcoinETF initiative can make the price to explode is the leading cryptocurrency at the moment, so it's behavior in the market will affect other cryptos. I like this interesting review @louisthomas.
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it will definitely increase the price
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I totally agree, such movements can only be made through power
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Thats what one of the last Palm Beach Confidential(I think thats the name of the group) says, but personally I'm waiting for Bitcoin at 6000$ or less with my FIAT.
Edit: I have that position because I monitored the BTC going down since future contracts appeared.
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In my opinion it could generate both ups and downs in the price. It will depend on the injected capital and the expectations of these institutional investors, in the bitcoin chart we can see that since the CME futures started the price just went down,
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We are on the same side about the CME futures.
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Bitcoin is at a critical juncture. Any time now, the Securities and Exchange Commission will issue a decision that could throw open the door to a flood of new capital, and change how many investors regard the digital currency.
The SEC’s bitcoin decision, which is over three years in the making, is due by Friday. Here’s a plain English guide to what might happen, including why the decision is so important and how it could affect the price of bitcoin
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i think yes because BTC is the big boss of the cryptocurrencies there is no other mechanism i ever seen up and down in the price and absolutely this is the main reason behind the price to explode anyway very good post thanks for sharing keep it up stay blessed.
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I'm not sure what will happen, but the market goes up and down. BTC will once again be at the top. :D cryptos are the best o/.
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can they hurry up with that ETF !!!! we want to see some moves
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BTC and Cryptos will be a revolution. Its going better and better
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Very interesting subject. I’m actually invested in GBTC. It’s almost like etf. This s company buys bitcoin and follows bitcoin’s price. They splitted recently so it’s actually cheaper to get. When it comes to gold I’m in favor of physical gold and silver of course.
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For everyone who made it through the video without knowing what an ETF is, I Googled it: exchange-traded fund.
(Yes, I realized contextually it had to do with Wall Street trading, but the only acronym you elaborated on was SEC)
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If anything, it should have a positive effect because more people have access to ETF investing than crypto. I think this a positive step forward.
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Wasn't the gold and silver market heavily manipulated with the use of the ETF? JP Morgan lied about the amount of physical that paper silver was backed with.
Could a BTC ETF open up the market to this kind of manipulation?
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I hope so since it’s since it seems like a lot of kinet has left the space. Volumes have been scary low.
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Pitcairn is expected to rise in the near future
All currencies are linked to KFH
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Why not try out the BitShares DEX, which allows you to create user issued assets and derivatives. Derivatives are backed by a minimum 175% collateral value, so they are quite secure versus what is mentioned here. That means you can own the collateral and trade derivatives, people do it all day long...
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I am agree with you. I hope it EXPLODE ... i'l be here waiting.
cheers
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hellow!
my dear @louisthomas
its great post ,,
thanks for sharing bitcoin ,,,which is raising hopfully,,,thanks for sharing
,,,now a days worth of bitcoin is great informative things,,,i like your post al time thanks for your sharing,,,you all time give us a great sefull post that arew important and informationfull for all steem user,,,thanks a lot for your post and supporting us,,,
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bitcoin and crypto are rise day by day,,,its great job sir
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This was a great post very informative. Thank you for sharing your experiences, you are doing great.
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Thomas I am thankful for your video.
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WELLDONE SIR
GREAT NEWS
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market position too much low now, i wnats to invest some money here but i didn't bcz bitcoin trend and cryptocurrency market was so much down!
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well to me it looks like it can't really fall below 6k so far, not even with outside intervention!
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May the price will go up Thanks for the great video keep it up
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wow,,its great job of sharing your experiences
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Okay i will give you three tips: from @pushup2 your best choice steemer
Be concise. (If you do not know how to English, do not worry, try it as easy.) Be consistent. (Once a day or three times a week, it does not matter, keep A schedule and keep it!) Be yourself. (Do not copy other people's photos, drawings, writings, music. Create your own art!)
That's about it. I can not think of other things right from the top of my head, but I belive these tips work. One thing you can not do if you want to success, is to give up. You must believe in what you do, and you want to keep it
I've been on Steam for over a year now, and I think the recent last year that I've been doing at least 1 photo post every day has finally paid off. So I'll add this 4th, extra bonus point to the list:
Persevere: You can do it! Do not give up! @pushup2
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Always such concise, clear information!
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