Hi,
There are many posts which are talking about the Bitcoin Price to Go higher & we see bitcoin having high resistance at @8100 levels in the past 2 days time.I see CBOE ETF the only trigger which would further raise the price.But what will happen if the ETF doesn't get approved? No one is talking about that..would like to know your views..
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It looks like the ETF from the Winklevoss Twins has been rejected again. However, one member of the governing board did have some positive comments about the future of BTC offerings, and that means it's not all bad news - just that more waiting is the order of the day. Once these ETF offerings get it right, and the market demand and increased interest begin to provide more money invested into BTC, it should help to further stabilize the price volatility. As the volatility of cryptos starts to calm down, and we see which coins and tokens will survive the current environment (maybe 2 or 3 more years), then I would not be surprised to start watching the Coin Market Cap move into a few TRILLION$ of dollars. At that point, anyone holding the surviving assets is going to be a really happy person. I'm holding a few of the best contenders, IMHO, and I'm just going to wait a couple of years to see how it forms up. ETF trading will be approved and adopted at some point. Nobody knows when it will be, but it shouldn't be much longer and the cryptoshpere will see another boom...
CME CBOE futures took us to 20k. ETF can take us to 200k tbh...for now lets do a conservative 25k by end of year obviously if the etf gets approved which has a high likelihood..hope for the best mates. Cheers 😎