👀 Spot Bitcoin-ETF could be approved as soon as next week?
Despite yesterday's FUD and market crash, many analysts are still confident that Bitcoin-ETFs will be approved by the SEC soon.
Unlike futures ETFs, spot Bitcoin ETFs will have a greater impact on the value of BTC because the funds will be required to hold real BTC for investors, increasing the scarcity of BTC supply.
We will know the final decision on ETFs in the next 6 days. Waiting.
Also, in ~100 days we will be facing halving, which will reduce the BTC mining rate by 2x and make Bitcoin even more scarce.
Another event that could increase demand for BTC this year is a key rate cut in the US. Historically, lower interest rates make risky investments (like cryptocurrencies) more attractive.
So this year, we're expecting 3 events at once that could spark another green year for BTC:
- The launch of a spot Bitcoin-ETF in the US
- Bitcoin halving (halving mining)
- Key rate cut in the US
Despite yesterday's FUD and market crash, many analysts are still confident that Bitcoin-ETFs will be approved by the SEC soon.
Unlike futures ETFs, spot Bitcoin ETFs will have a greater impact on the value of BTC because the funds will be required to hold real BTC for investors, increasing the scarcity of BTC supply.
We will know the final decision on ETFs in the next 6 days. Waiting.
Also, in ~100 days we will be facing halving, which will reduce the BTC mining rate by 2x and make Bitcoin even more scarce.
Another event that could increase demand for BTC this year is a key rate cut in the US. Historically, lower interest rates make risky investments (like cryptocurrencies) more attractive.
So this year, we're expecting 3 events at once that could spark another green year for BTC:
- The launch of a spot Bitcoin-ETF in the US
- Bitcoin halving (halving mining)
- Key rate cut in the US