Bitcoin Forum

Grayscale is about to launch a Bitcoin ETF soon. They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you. :)

The grayscale bitcoin trust is in form of bitcoin ETF but it is not Bitcoin spot ETF.

With bitcoin spot ETF people in the stock market will be able to buy bitcoin. Bitcoin price is expected to go up. But I am more thinking about bitcoin halving which would be enough to cause FOMO and bull run that can take bitcoin to $100000.

With bitcoin ETF, I am expecting $170000.

There are bitcoin ETFs in Europe and Canada, and they are not very popular. Many experts say that the spot Bitcoin ETF will be accepted in the US, but the prices in the market are recouping these events earlier.
Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.

I assume by cryptocurrency you mean bitcoin?

It is quite possible that this will happen, only I think that all this should happen in 2024 - 2025, I also mean Black Rock, and this will be possible not only due to the approval of the ETF, I assume that at some point, regarding bitcoin, there will be a lot of positive news coming, this will mark the beginning of the bull market and then bitcoin will reach 100k and possibly even exceed this price.

Since the beginning of the year, even without "big" news, bitcoin has been able to rise from 16k to 30k, so if anything significant, like the ETF be able to have an even more significant impact.

Bitcoin price depends on demand and supply, and if Bitcoin ETF is approved,this is indeed a big news for bitcoin because many people will adopt bitcoin,which will bring a significant in the price of bitcoin. There are some people who can't buy bitcoin presently due to some reasons, they will be free to buy then and also many will people who are scared of buying bitcoin due to the inefficiency of keeping their coins safe will be encouraged to buy too. It will be a big blow for bitcoin price because the higher the demand,the lower the supply. If it is launched before the halving, I expect to see bitcoin price above 100k+.

I think they will approve Blackrock’s one first or at very worst at the same time as others. I do not think there is any chance that they approve others before Blackrock. I think that once we have a spot ETF, finally it is a path into bitcoin for institutional investors, we have been missing this so far. The price will pump hard on the news & coupled with the halving we should see a massive cycle top at some stage of 2025.

Grayscale won the case to convert their Grayscale BTC trust into a spot ETF, but the decision to approve any proposal of a BTC etf still rests with the sec. The sec have missed the first deadline on the applications in the waiting list, and we now have to wait for the second deadline and possibly down to the final deadline which is sometime in 2024, but with recent events there is a higher degree of optimism that a BTC spot etf would be approved in the U.S. next year. This is a full list of BTC spot etf applications and their deadlines: https://beincrypto.com/full-list-spot-bitcoin-etf-applications-deadlines/
Yes it will; but i thought not your keys, not your coins :P. By the way, there have been too many topics about BTC spot etf's lately, it may be better if most of the discussions are held in this thread created by OmegaStarScream: https://bitcointalk.org/index.php?topic=5465517.msg62789444#msg62789444

If there is a good possibility that Bitcoin will reach 100k without a Bitcoin ETF, then we will definitely get there faster with a Bitcoin ETF, but in any case, there is a good chance that we will reach that price. I don't like to be overly optimistic, but there are no indications that there will be a Bitcoin ETF soon. All discussions are speculation.

BitcoinETF topic Discussion Bitcoin Spot ETFs (https://bitcointalk.org/index.php?topic=5465517.0)

Provably it will happen but to make the chance more higher it should be backed up with halving since by this two events happened for sure we can see bitcoin reached for $100k+ or even more. For now let see the updates regarding on the news they created since what they do is somehow good development for bitcoin since this can generate demands for people always seek for good news.

Positive news now starting to come so maybe accumulation stage is slowly starting.

Depends on the timing of the approval though, if this happens in after the block halving or at least we are in the bull run cycle, possible that this could be the biggest catalyst for a prediction of 6 digits in the next bull run resulting in a new all time high.

We for now we can't say for certain though, it's really one of the biggest news in the next coming years as we all know that BlackRock has the reputation to back their application up. So everything rest on the hands of SEC.

I guess so, we can just take a look back on 2021 where many institutions have jumped to the bandwagon of Bitcoin and that's likely to repeat. And for the long term effect of it is like we're going to have a new all time low. Yes, new lower price which seems to be higher than the bottom that we've seen.

I hope so. It was like the prediction on 2021 but it didn't happened way back then. So, with another push and some reasons and force to push the price of Bitcoin higher and that's going to be likely that we'll see Bitcoin once again reaches another ATH and for the first time of hitting a 6 digits price.

I might be wrong, but I think they won a lawsuit, which means that the judge agrees that the SEC failed to justify why Bitcoin futures are okay, but ETF isn't. Winning the lawsuit doesn't grant a permission to launch an ETF without the SEC's approval, and I don't think a big company like that will risk it. They still need an approval, just like BlackRock, but the SEC is now in trouble and needs to either up its argumentation or start approving ETF applications. I don't know which option they'll choose, but until the first SEC approval is granted, I don't think there will be Bitcoin ETFs in the US or impact on Bitcoin's price. If the SEC finally budges, I think it's reasonable to assume that it might be enough to trigger a bull market, and a $100k price at the next bull market sounds very reasonable as well.

Even without the approval we can expect good rise in the price of bitcoin during the days of halving. The bitcoin spot ETF approval will be an added element to the rise in the price of bitcoin. On approval of bitcoin spot ETF good number of investors/traders who hadn't tried cryptocurrency will have their participation. This will surely have a huge inflow causing demand and the reflection can be experienced on the price. So, approval of bitcoin spot ETF will surely have positive impact on the price increase. To what extent the rise happens is unpredictable.

The bitcoin spot ETF are for the people who want to own bitcoin but do not want to own bitcoin.  That is bitcoin spot ETFs gives them lower risks than investing directly in bitcoin. The is room for a increase in percentage of bitcoin price due to it. Aside the halving which many people are already talking about and getting set, there are other factors in addition to the ETFs that will take bitcoin to $100k soon.

While I do think that its just a matter of time, I don't think that it will happen soon as I have a feeling that SEC will try to delay it as much as possible, probably into 2024 (unless by "soon" you meant any time before halvening).


Nope, I do not see that happening. While I do expect some sort of price increase in case it happens before halvening, 300% pump just because of that and before halvening imho ain't gonna happen. Then again, I've been historically very wrong when it comes to bitcoin price predicion (usully underestimating) so let's hope I am wrong yet again.  ;)

There's a little and more likely possibilities that bitcoin can surge if their application got approved by SEC, but should we consider thus as a major push on the bitcoin network markets, i don't think the major reason why we should experience a bull is on this because if you can recall on the previous days, something like this source out and suddenly pump the market to #27,000 before it gradually comes down to $25,600 where we are today, something far bigger and more anticipated for is in bitcoin market demand and supply as we are getting closer to halving.

Winning that lawsuit does not mean SEC will approve a Bitcoin Spot ETF from Grayscale. People expect more from BlackRock which has very good successful rate from their previous ETF applications, only fail 1 / 600 applications.

Breaking a current all time high and making a new one before a Bitcoin halving, is unprecedented. I don't think it will happen because I believe in history and also believe that a first Bitcoin Spot ETF approval in the USA will happen in a bull run, after the halving.

My thinking is like above but I won't be shocked if what you ask will happen before the halving. We already witnessed a first time, Bitcoin dropped deeper than its previous all time high, during this 2021 to 2023 bear market. In previous cycles, it did not fall below its all time high of one previous cycle.

I would also like to be optimistic, but considering the economic conditions in the world, I do not think the Bitcoin price can reach this high. If the conditions in the economy change, then there is a chance to reach the prices you mentioned.

We all want the price of Bitcoin to increase, but this increase needs to be based on logical reasons. We cannot think of Bitcoin independently of the world economy, so the price of Bitcoin will not increase unless the country's economies recover. Even if the price increases, it will not be permanent. Halving will have an effect on increasing the price, but the course of the world economy at that time will also significantly affect the price.

I don't expect bitcoin for $100.000 before the halving. Most likely it will happen later than this event, as it happened in previous cycles.

Even if bitcoin ETF could push bitcoin's price to $100.000, it would only be a short-lived event. After which there would inevitably be a strong decline. All the same, I would like to see the price of bitcoin to $100.000 a little more stable. To keep the plus or minus at this level, as it is happening now in the range of $25-30.000.

It seems to me that the hype around bitcoin ETF is overrated and it will not have a strong impact in the long run, but it will make a small contribution to the popularity of bitcoin, which, in general, is already good.

People start behaving very irrationally when they read about all these companies that manage trillions of dollars and are interested in Bitcoin, as if that means that all of their clients will suddenly go crazy for Bitcoin and start buying shares in these funds, just because such the possibility exists. We have such ETFs all over the world and generally there is very little interest in such investments, but apparently the US market is the only one on which most people expect to behave in the complete opposite way.

There should be no doubt that the news of the first approved BTC ETF in the US will resonate in the media space, because we saw the effect of the news that the court ruled in favor of Grayscale recently. Therefore, I think that the news will be sold very successfully, but the real question is how much the clients of these companies will actually be interested in such an ETF, and how will these same companies buy BTC on the market, given that it is an ETF that will have to buy BTC and store it in custodial wallets in order to be able to sell shares in the fund.

If these companies do these transactions via OTC, it is possible that the effect on the price will not be as strong as some think, and considering that BlackRock has signed a contract with Coinbase regarding the custody service - we already know from the past that the same company performed the purchase service for MicroStrategy via OTC.

When you say manipulators having to decide on doing an instant pump on the coin or not, it presents a feel that, these guys actually set the bitcoin price in a way. I get it that manipulation of prices does happen but, it’s usually within a very short period of time and possibly they get to make some money from it but, it’s not on every bitcoin exchanger out there.

Still, ETF isn’t exactly bitcoin but, just an offering.
The news here is in the winning against the government. That’s what every bitcoin enthusiast wants to hear and it in turns passes a message to the yet to be or anticipating investors that it’s not ultimately what the government might have presented it as.

We could expect some positive reactions from this news but, I really wouldn’t want to view it in the direction of pump and dump. Bitcoin is one currency that has a fair growth and decline rate to its phase.

It seems to me that the market is being manipulated by big players (mainly investment companies and whales) for their own interest. Not even the announcement of an ETF launch had a positive effect over BTC's market prices. The aforementioned entities may be keeping prices low before the BTC halving takes effect. After that, market prices will "pump" like crazy. I'm very confident BTC will reach $100k soon, especially when there's huge interest in it.

One thing for sure is that a lot of the big players have been accumulating BTC like there's no tomorrow. High demand and low supply will keep prices high for a very long time (hopefully). No one can predict the future, so lets hope for the best. Just my thoughts ;D

What I see as the main benefit from the (eventual) ETFs approval is that many people will see bitcoin with a different eye: for many big investors bitcoin is still some kind of Ponzi scheme and/or scam but after the SEC gives green light and very important funds will start promoting bitcoin (and other cryptos) it will be difficult to keep thinking that is a scam. This is for me the best thing about these ETFs, besides a possible price increase, of course.

There are still a number of ETFs awaiting SEC approval in October but the question is will they continue to delay or will they accept? Because as we all know the SEC has delayed many ETFs until March next year and that means it will coincide with the halving. I don't believe any proposals will pass the SEC this year, I don't believe the recent prediction that 75% will have an ETF this year. But I believe the impact of the ETF on bitcoin, it will be a big push for the price and popularity of bitcoin.

The bitcoin market has never really moved based on supply and demand, it is manipulated by many different forces.  that's why we often see sudden movements in bitcoin without any explanation.  The ETF will indeed have a significant impact on bitcoin but you are right, the important thing is that the sharks still dictate the movement of bitcoin.  but I think we don't need to wait for greater popularity or ETFs for bitcoin to reach $100k, we are slowly exiting the bear season and the halving is approaching.  increasing the price of bitcoin and creating a new ATH is inevitable.

This is what I think today. If it were to pass today, it would not drive the price to $100,000 in the next few months. You have to think that it is going to add volatility to the price, and that just as it could make it go up faster it could also make it go down faster. But I think the initial reaction of the price will undoubtedly be upwards.

However, as the next cycle is likely to see the price in itself pass $100,000, the approval of the spot ETF at or shortly before this time may act as a catalyst, as you say.

I don't think the economic situation globally would affect bitcoin price greatly. We have witnessed it in the midst of the covid lock down where everyone was panic buying withdrawing all their funds from the banks to secure cash as it is the most convenient and most accessible way to purchase essentials during that time.
We all have been expecting a significant drop in bitcoin's price, but it actually didn't happen.
I guess a lot of people have already learned how to secure their funds when high inflations and economic crisis peaks.

If the etf is approved I think we might hit $40k or maybe $50K and that’s it. We won’t get $100K. The entire economy is basically about to collapse and this isn’t the time for bitcoin to go to these crazy numbers like in 2021.

Most likely when it’s approved it will rally and when it’s finally listed and live it will be the peak and it’ll reverse just like the BTC futures and then the coin ipo listing.

If you think price manipulation can be short-term, then can you explain it to me? Why do many people think that bitcoin cannot fall any further and that it will increase as the halving approaches? The closer to halving, the more demand will increase, and from there the price will increase, but until now, nothing has changed and bitcoin is even decreasing. That's not manipulation, so what is it?

In the long term, the ETF will indeed be positive for bitcoin but in the short term, the news is only relevant as an excuse to pump and dump the market whether you like it or not. Not only do the sharks like it, but many short-term investors like it too. Manipulation is inevitable in a market as small as bitcoin or crypto.

That's it ... and I'm talking about the same. Why would the price suddenly go up so immediately after the adoption of these contracts? I agree that all this is only derivative and not popular. I fully understand the desire of companies to enter this area legally, but this does not give any guarantee of increasing value.

Well, yes ... there was a precedent when the SEC won a lawsuit. What of it? This is just an isolated case. This state body is not as simple as it might seem and almost always achieves its goals. People there are not idiots and will still take their toll.

Its been years now but every time the news about ETF being approved resurface the price goes up a bit but after a few hours or after a day, price will go differ, its like someone is just bringing it up , to get some money, too bad for the people who bought on the short pump and for sure, they will sell it afterwards,

You're right about that. The mainstream economy is in ruins. We can blame the United States for that. Unless "The FED" puts a halt in its efforts to reduce inflation, there will be no signs of improvement whatsoever. Despite the recent turmoil, the crypto market has often performed better than the stocks market. BTC is by far the best-performing asset in the world. If there's a swift recovery of the global economy, we should expect Bitcoin to reach $100k and beyond. There's no limit to how high it can go. Especially now that institutional investors are joining the game.

The future for Bitcoin is a very bright one to say the least. I have the feeling the SEC will end up approving a spot ETF for BTC, as it gets pressured by entities with a lot of money on the table. Who knows if current BTC holders get insanely rich by the time this happens? Just my thoughts ;D

That's why it's a good idea now to buy and store more bitcoin knowing that there are market manipulators waiting to pounce and make themselves more richer, don't be the hamsters that would have your money taken away make sure to ride the wave with manipulators and always remember to set a price that no matter what happens, that's going to be your exit price. Regards to the ETFs, they aren't popular but that doesn't mean that the market doesn't want it, that can only mean that those ETFs just needs a little push and some PR so it can reach the wider market.

$100,000 will happen whether the SEC approves a spot Bitcoin ETF or not. And if the SEC approves Grayscale and BlockRock's spot Bitcoin ETF applications before the halving, I still don't think this is enough for the price to reach $100,000. BlackRock and others having a spot Bitcoin ETF will certainly contribute to the acceleration of Bitcoin's approach toward $100,000, but they're not the main driving force. It seems to me that despite the hype and FOMO built around the participation and power and influence of these huge institutions, the price remains bearish until now.

Does this still surprise you? Yes, this is just a banal game of speculators and nothing more. So the price jumps, like in a rally, and then returns to its previous course. This is a completely natural process. This happens almost always when at least some significant news comes out, which is a trigger. As practice shows, this is not enough for a full-fledged good movement. Much more serious facts are required, and today they are simply missing, as such.
The time has not yet come for a good dynamic and strong impulse trend, when the interest rates will be significant even for small deposits.

Yes, this is just like a game for people with power who can press the On/Off button easily and then the price will follow. But for sure, Bitcoin price will go towards $100k and if that doesn't happen by the end of the year or the beginning of the year to the middle of the year after the halving, maybe it will happen next year.

It's better not to think about when the price of Bitcoin will reach $100k because no one knows. It's better if we just focus on collecting Bitcoin so that when the bull run really comes and makes the price jump to the last ATH price, you are ready to sell your Bitcoin.

Maybe something big will happen that will make Bitcoin get its first rally to $50k and then jump to $75k and then a real rally will emerge. But I don't know, that's just speculation and we don't know whether it will happen or remains speculation.

We have to think in both direction and not to face a single approach in looking into the situation ahead with ETF approval, how it's all about what if there's nothing to mark on the occasion of bitcoin ETF approval that the market price never increases but rather we keep having dump market situation, this could mean that bitcoin itself is not depending on centralized economy despite the news on them has a little way it affects the market demand and supply but aren't the major actor for the push in the bitcoin network and market price.

To be honest, I would really like to know what will trigger this growth. It would be desirable if I knew about such an event in advance. I would definitely find it useful, just like you))
What can we do today? just watch carefully what is happening in the crypto world. We definitely have no other levers of control and influence. You and I don’t have that kind of power, much less the authority to influence anything. We accept reality as it is and nothing more.

$100k is a very conservative estimation I’d say. We should aim for a higher target now. When we pass through $100k in a flash. If we do another x10 and that’s not a distant possibility, the next ATH will be around $300k probably. Why sell at $100k when you can make a lot more than that? It will be a lot more rewarding if you can manage to watch t a little bit longer. And you know what? We don’t even need ETF’s to have that kind of price action. Halving itself will take care of it. Bitcoin don’t need the institutions or their fancy financial products, they need bitcoin. Bitcoin’s own price dynamics will take the price above $100k easily. No worries.

There have been some predictions about bitcoin will reach $300k or $200k in the next bull season but many do not believe it will happen so far. We don't know if that will happen or not, but I see some analysis suggesting that the bull season will also coincide with a recovery cycle for the world economy. Therefore, the possibility of triggering a strong bull season is possible if everything goes according to that scenario.

In my view the ETF will also have a strong impact on the value of bitcoin, but yes, we don't need it for bitcoin to reach $100k as we are already close to that level as last season ATH was 69k dollars.

I think ETF have a big impact in the price before so it might did it again once it happens. This is the reason why the @OP and others are so positive about it that they can mention $100k once again in relation to this event. I'm not aware that the economy is about to collapse but can you give a reason on why it can happen? Or at least give a source so that we can check it out. If it's true, then maybe that is the reason why there is an ETF.

It can act as a savior to not dump Bitcoin evenly because it's already badly beaten up right now. BTC can normally reverse or fall down after a huge increase in it's price so don't worry about that. A lot of us are already aware with it. What important is, we already taken an advantage of the pump and we can just use the dump as the opportunity to start again.

That's true, but just relying on halving, it will take quite a long time to reach the price you mentioned. With its presence, Bitcoin will be introduced directly by the world's largest financial asset managers, of course this will provide a boost in popularity among stock investors. and others, and it will make them aware of owning bitcoin. Maybe day traders prefer ETFs but long-term thinking investors definitely choose bitcoin from the crypto market directly to hold.

That $100k was still in the shadows when the ETF was approved, I think it's more logical that it can only lift Bitcoin to between $40k-$60k, the rest will be driven by Bitcoin's continued dynamics until it reaches the $100k level at the end of the Bitcoin cycle.

Yeah, price range between $40,000 to $50,000 appears more reasonable than the creation of a new all-time high (ATH) solely driven by ETF approval for BTC. However, if the ETF confirmation occurs post-halving, that news might be strategically used to catalyze a stronger push towards a new ATH, possibly reaching $100,000 post-halving.

In my opinion, a price surge is likely to happen in the not-so-distant future, with BTC stabilizing at a fair range of $30,000 to $35,000 after the pump concludes.

ETFs could push the opinion of the people to the favorable side in the future, but it's always going to be the people that will push bitcoin to 100k. We can have all the marketing and the reasons in the world to push bitcoin even to the 1 million mark, but if we're not eager to invest for whatever reason, we're not going to and bitcoin will not shoot up to whatever price point we so desire. ETFs could open bitcoin to wall street and to investors with higher bankrolls to spend but at the same time since bitcoin is decentralized, they wouldn't be enough to push bitcoin to that desired price point.

So if you're thinking that bitcoin's going to shoot up or shoot down just cause a particular high value investor bought or sold his holdings, you're wrong. Bitcoin, though volatile, is still strong enough to support itself even in the most precarious situations.

BTC needs to cross the $100k milestone first before we can think of another ATH. If I'm not mistaken, Bitcoin's last ATH was around $68k. That's close to the price prediction of $100k. All we need is for the SEC to approve spot ETFs from the big investment companies, and nothing should stop BTC from reaching that target. This will happen earlier if spot ETFs are approved before the halving of 2024. There's a lot of demand for BTC, despite the on-going global economic uncertainty.

I'd suggest you keep buying and "hodling" BTC no matter what. Who knows what surprises we'll find in the future? Just my thoughts ;D

Bitcoin needs to move closely to $60,000 or $68,000 first before a big news like Bitcoin Spot ETF approval in the USA. will boost it to break out and climb to about $100,000. The price is a strong cap because this number will make a very strong mentality resistance that needs very big momentum to break through.

From $60,000 or $70,000 to $100,000 is about 30% to 40% increase which is possible for Bitcoin when the market is on fire. After rising about 15%, forced liquidation on the market can lift Bitcoin to 10% or 15% more easily and here we go with $100,000.

Holding Bitcoin for two or three more halvings is perfect, not only a next year halving. Bitcoin looks to have smaller growth in latest halvings but I really expect to see good net growth after two or three halvings.

Holding bitcoin for 2 to 3 halving times, is it a wise idea? I mean what guarantees that bitcoin will continue to increase in the next halvings? History has proven it, but there is no guarantee that history will always repeat itself and be so easily predictable. Bitcoin has become a financial market, and it is becoming more and more predictable? I dont think so. Instead, why don't we sell during the next bull season and if the market drops again, we can buy it back at a cheaper price and that also ensures a profit for us?

I believe that the Bitcoin market will be pumping enough volume again. If the ETF Grayscale is launched, then there is definitely a possibility that the value of Bitcoin will increase. We know that by 2024, the Bitcoin market will be halved, which is when Bitcoin pumping is most likely. There is no doubt that when the Bitcoin market halving will have positive effects on the market and the Bitcoin market will be $100k. Most research suggests that Bitcoin will grow exponentially after the halving and reach $100k soon.

Seems the GBTC discount is narrowing more and more. Maybe some insiders know something that we don’t. Either way the markets are down because on Sept 13 is the decision to dump all those Ftx digital assets like BTC, ETH, sol, xrp, etc.

I think they are authorized to dump $100M a week and might dump up to $200M a week. Turns out bitcoin is affected because they found $500M worth of bitcoin, somewhere. I assumed they lost it all. SOL is the worst since they own like $1B worth.  No idea how they will liquidate that without crashing the token.

If FTX dumps its crypto holdings, you can bet the market will crash real hard. It'll be a great opportunity for anyone to "buy the dip" before prices go back up again. I have a feeling the negative effects will be short-lived, especially when many institutional investment companies are buying BTC like crazy (BlackRock, MicroStrategy, etc). $100k may just be the tip of the iceberg as the best is yet to come.

I think that once a spot Bitcoin ETF is approved in the US, the bull market will begin. The halving of 2024 could also have a positive effect over BTC's price, but without the ETF, there won't be enough momentum for the cryptocurrency to reach a new ATH. Who knows if buying BTC at current prices will make you rich soon? Just my thoughts ;D

Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets.

Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.

Of course there are no guarantees that the price will keep going up but at the same time why should it go down? With the next 2-3 halvings the miners will get way less bitcoins, that means less new bitcoins on the market, hence less opportunities to buy. And let's not forget inflation, I think it'll just get worse and worse, and many people will try to get their share of bitcoin.

We will never know whether bitcoin will decrease or increase in the future, so I think it is never wrong to take profits and I also think that holding bitcoin forever is not a good idea. Inflation is increasing and to be able to deal with it, we need to have an income higher than the inflation rate, holding some assets and not using them cannot help us avoid inflation.  To me, bitcoins are only useful if we use them and can help us in life, not if we hold them forever and don't use them.

The bitcoin ETF seems to be getting a lot of attention, I'm not sure if this is the main reason to stimulate growth in bitcoin or not, but it's clear that interest from big names in finance is growing shows interest in bitcoin. Personally, I see that the current trend will soon exit, as we are getting closer and closer to important milestones with bitcoin, and I and many people quite expect that by 2024 we will witnessed a strong price increase with btc.

https://www.talkimg.com/images/2023/09/13/6CYKI.jpeg

That's right, this issue (FTX) has more or less affected the market and apart from that, the hacking issue has occurred again at BursaCoinEx. So, for future BTC price predictions, where the public is still waiting for the ETF application deadline, which is only 35 days away, I think the future of Bitcoin is very different from the others. Bitcoin futures are ideal for those who have invested large amounts of Bitcoin. yes. While it may seem attractive to trade Bitcoin futures, there are several aspects that a trader needs to keep in mind.

Since the Grayscale ETF application have been in the news for a while now, I expect the approval to cause significant appreciation in price.

This is exactly what is going on, the manipulators doing their thing but in the end Bitcoin will most likely hit the $100k region. With halving happening next year, one would have expected some kinds of positive response in price but what we are seeing is prolonged consolidation followed by decline in price... a clear case of market manipulation to wear out weak hands.
The beauty of a forum like ours is the knowledge it provide so that those who follow up will be prepared for a time like this to take advantage of the manipulation while waiting for the anticipated bullrun.

When grayscale won, Bitcoin had a short-term pump this time. Then, the value fell again until today. And about the $100k that each Bitcoin will be worth, I think I have to believe that because the other speculations of the experts are, from what I've seen, really valid and there is a basis regarding their analysis about what can happen in the future in terms of Bitcoin's market value. And besides that, everything can happen, but it depends on the situation.

Bitcoin price dropped before the FTX news appeared so I don't think that was the cause. Furthermore, the CoinEx exchange being hacked is too small to have an impact on the market. I agree with what zasad@ said, there are people who don't want the market to rise soon, not the news that is making the market unable to rise. Manipulation is going on in the market so even positive news cannot help bitcoin recover. Someone wants us to sell our bitcoins to them at a low price.

Couldn't agree more with you, mate. The market is being heavily-manipulated as we speak. Not only big investment companies are doing it, but also governments themselves (especially the US with the SEC). They want BTC to crash real hard to buy lots of coins at a discount. It's likely these entities are waiting for the BTC halving to occur, before "pumping" market prices all the way to the moon. If you're smart, you'd follow their footsteps by buying as much "cheap" BTC as possible. Sooner or later, Bitcoin will reach a price of $100k per coin. Even higher, if demand continues to soar at an unprecedented rate.

I think the real trigger for a bullish market will be the swift recovery of the global economy. Central banks like "The FED" and the "ECB" need to stop raising interest rates for everything to get back to normal. At least, a new normal since the Russia-Ukraine war and the COVID-19 pandemic are still an on-going crisis. Who knows what the future holds for Bitcoin? Just my opinion :)

Well there is a new player https://cointelegraph.com/news/crypto-biz-paypal-rolls-out-crypto-ramps-franklin-templeton-joins-btc-etf-race-and-more

So yeah, most likely there will be a reach as who will get the approval for a BTC Spot ETF and this could trigger the next bull run. I do agree about the interest rate and what is the US government is doing. Nevertheless, I do not think they have a huge impact in the next bull run.

Remember that we even have Covid-19 pandemic in 2021 and yet we did see new all time high. So most likely, it will be the race for a BTC Spot ETF that will likely be the catalyst for 2024-2025 run.

During the Covid pandemic, not only the cryptocurrency market but other financial markets also witnessed impressive gains and that happened because the government continuously printed money to save the economy.

You are wrong to underestimate the role of the government and the Fed in this financial game, they are the biggest influencers whether we accept it as truth or not. If the economy doesn't recover and interest rates don't fall, don't expect a bull season. Like what's happening now, when the economy is tough and people don't have money to invest, don't expect to trigger any bull markets. A bull market occurs when there is money flowing into the market, how do we have new money flowing in when the economy is in difficulty?

Soon is a four letter word, it should be classed as a swear word its misused so often.   Soon could be the other side 2025 I suppose, we dont know would be most accurate to say.  
  That leaves us with speculation and those events we do know, obviously halvening next year.   So my basic take would still despite hopes and dreams our trajectory and momentum in BTC price action is such that 2025 is a far more likely a landing spot for genuine transformative price gains in BTC and we dont know that occurs at all yet, maybe.

This will speed up the process to be honest. If these companies win, then definitely they will create lot of many opportunities in the Bitcoin ecosystem and it will hence lead to large scale promotion of Bitcoins. Now more people will be interested to join the Bitcoin community, and hence they will start buying the coins. This will increase the demand to acquire the coins. And as we know Bitcoins are limited in numbers, hence to balance the demand the price will go up. So yes it will indirectly help Bitcoins price go up.

Well, it sort of makes sense for them to do something like this. This doesn't mean that we are going to do fine, it just means that we are going to end up being a little different in the end. This is why I believe that we need to reach to a point where it could change something in the end, and when it does that, it's going to be a good amount of changes in the end and should result with a different type of situation.

I believe that we are going to end up with a deal where it could be a bit more different, and I believe that we could end up with a deal where it could change things for the long term to reach 100k as well. Manipulation can't stop that, no matter what they do, we are going to get there without a doubt.

Of course they will and knowing very well most of these companies like to copy what the competition is doing this will give bitcoin more exposure and demand!

The fact that we have people who are worried about having good security measures that comes with owning bitcoin, with a Bitcoin ETF this removes that kind of risk and crypto enthusiasts will be more willing to invest in crypto without a problem as a third party will be responsible for all that.

Without any of these ETFs and all, we did manage to push price up to $70k which still stands as current ATH...now imagine having to get an approved ETF in the US, this will be massive and if done before the halving then we shall break the $100k easily...

In conclusion, bitcoin will gain interest from many people because of course those financial companies will trade their bitcoin ETFs to many media, and clearly they advertise to open media that is wider in scope, and as we see the effect today, many other financial management One by one, bitcoin ETF products are proposed for trading on their exchanges, theoretically and potentially this will increase market demand for spot bitcoin.

And from this effect we will also find many people adopting Bitcoin as their alternative asset to gain profits in the 4 year period, and this will also encourage positivity in the cryptocurrency industry in the future.

Yes, I think that ETFs are going to have a massive effect on Bitcoin, since the largest institutional investors are going to have the freedom to finally deal with cryptocurrency (in this case, Bitcoin) without having to worry about the government screwing them with weird regulations. ETFs are a way to invest in crypto while the ETFs themselves are not crypto. This is the upside-down logic that is supposedly, in the mind of the government, going to bring a new method of regulation over Bitcoin. Somehow.

SEC seems to finally understand the unregulatable, decentralized nature of most cryptocurrencies. Which is why they are fighting back so hard. They know that ETFs are just a backdoor towards supporting the legal legitimacy of Bitcoin as an investment.

The old generation that is not yet invested in Bitcoin, due to being stubborn in their old investment types, will be investing soon.

Banks are investing in large amounts of copium right now.

If these ETF bring so much hype that it triggers FOMO then it is highly possible to pump BTC to $100k  but if it fails even with the demand created by ETF, I do no think it will pump BTC to $100k.  I think there is a need of synchronization of all the hype to be able to trigger FOMO.  If the activities is from ETFs alone and is not supplemented by other investors and traders then we might only see some kind of Bitcoin price uptrend but won't be enough to bring the Bitcoin price to  $100k  a piece in the market.

If Bitcoin will get to a hundred thousand dollars by 2024 -2025 I don't think ETF would be the reason.
If Bitcoin price spikes up before the next halving then ETF might be the reason but I doubt that. It might take the price higher a little bit not not as high as a new all-time high. A very significant bull run might be all it would do

What I'm looking forward to is the next halving, that's why I believe Bitcoin might get to $100k after the halving. I have my reservations about that though but if I bring overly optimistic that's my prediction.

When Gold has it's first Spot ETF, it's price shoot up from I think around $400, to as high as $2000. Correct me if I'm wrong with the numbers, but the point is that the price of Bitcoin increased significantly as the ETF has been released.

Will the same happen with Bitcoin? I think it will be. Markets are heavily driven by the sentiments of the investors whether it is the Stock Market, or the crypto market, and many investors sees an acceptance of the first Spot Bitcoin ETF as a positive news, and knowing that it's Grayscale, and currently Blackrock who's applying for it, if both gets accepted, I believe Bitcoin will shoot up like what happened with Gold decades ago.

Price-wise, it will have a positive effect towards Bitcoin. Will it reach 6-digit price if an ETF gets accepted? Yes it will. I believe this is the catalyst that we are waiting in order for the bull run to start a few years from now. An acceptance of a Spot Bitcoin ETF especially from a company like Blackrock will have a domino effect towards other institutions and therefore, it will make it's price even higher. Well, this is what I believe, but it's not 100% sure that it will happen though. :)

We should have set a realistic price prediction in mind. Don't expect the same return from bitcoin this time by observing the historical return of investment. There are lots of extremely wealthy whales in the bitcoin market, and bitcoins rising from 16k to 30k without any positive news shows this market is manipulated by them. ETF is positive news, but there will be other factors as well that will lead to the next bull run.

The problem with bitcoin is that there are forces working against it, mainly political. There are people who just don't want people to hold their own money in their pockets and these are the same people who blocked people's accounts in Canada and the same people that want to introduce CBDCs. For this reason an ETF on bitcoin may not have the same impact as a gold ETF had on the price of gold.

Bitcoin is still going to move up when it happens, but be ready for a lot of FUD spread by its enemies. The enemies that paid for that greenpeace smear campaign, and others.

How we sure that ETF will trigger the acceleration of value and if it should trigger the acceleration of value or price, It will be in small fraction not as many people expected that the price of bitcoin will skyrocket beyond the normal circulation or rotation and stagnant price of bitcoin. All what we saying here is assumption, speculation or prediction because nobody is hundred of fifty percent sure of the ETF making bitcoin to have price acceleration that is difference from the normal slow of bitcoin increment in value

If many will create a hype over this update, then we can have that pump but for sure it will not be as big as we wanted to. There’s a lot of rumors already with ETF before and yet we are still on this level, so better not to expect that much and just look at the market realistically. If you are going to look at BTC price right now, you’ll realize that $100k is still far from reality and there’s a lot of resistances that needs to break first.

If and when a Bitcoin spot ETF gets approved for Blackrock for example the markets
will react to this, there will probably be a drop in price in the short term because of >>>
"buy the hype, sell the news"

but medium term the price will increase. A spot ETF means that any of Blackrocks clients
who want to buy the Bitcoin ETF then Blackrock have to actually hold that amount. This could
result in a supply v's demand issue.

Also just to remind all, Blackrock is the worlds largest investment company.

For sure yes, but after that everything will start to cool off. I believe it will start to pump. Just check out what happened with Gold when ETF started, the price of gold just started to pump.
ETF is extremely big thing for Bitcoin right now, it is most awaited event right now and a lot of people are expecting it.

Yes there is quite a big buzz around this but I think its primarily because of Blackrock
being involved and the recent court case won by Grayscale against the SEC also increases
the excitement around this.

There are a lot of predictions and lots of speculation around this but the general feeling
certainly among Bitcoiners is that its going to be big especially as we get nearer the halving,
if there is no decision this year and it gets approved early next year, those two events aligning
together will be massive.

$100k for sure

In the long run, the bitcoin price will go high due to the ETF approvals but i do not know how the price will play its part in the short run. There can be hype of bitcoin ETF and the price may rise very high but as soon as the ETF is approved, the price can dump for a short period of time. I am saying this because of my previous analysis when the price keeps on rising near any major event and starts to dump on or near the event.

However due to the nature of this event, as a lot of investments will come into bitcoin, the price may never dump at all and keep rising.

The FED and the US government are a "force to reckon with". They dictate the rules of the global economy with their actions. After all, the USD is still the reserve currency of the world. The increasing interest rates from "The FED", will keep markets in the low for a short period of time. I'm surprised to see how the crypto market has fared better than other markets during these uncertain times. Major investment companies (BlackRock, Fidelity) are already showing interest by going all into Bitcoin. Therefore, it should only be a matter of time before BTC experiences a new ATH.

The real question is "when". If spot ETFs are approved by the time the block reward halving takes place, market prices will "pump" at a very fast pace. No one can predict the future, so lets hope for the best. Just my opinion :)

ETF will do little or nothing to make Bitcoin price appreciate, it's regular market stuff that is being hyped for crypto, and it will come and go with a slight effect when they eventually approve it. Bitcoin has already been inculcated into the mainstream of the financial market and it's now well-capitalised, and the capital will continue to grow with time. By this, you should know that the ETF is just an added plus, not the mains, it won't matter so much. Only that the market tends to temporarily dance to the psychology of people about an event, which is why you see it move when such ETF news is out.

I've witnessed many of such hyped developments in the past, the effect wouldn't be sizable anymore when eventually approved and it might cause a little rise but will subside without achieving an added $5,000, not to talk of making it hit the ATH or your $100K.

I don't know if that's OP meant but given that it's a question, I think OP isn't dealing with certainties here so it's safe to assume that OP is just asking questions whether bitcoin would benefit to the introduction of ETF, ETFs help in making bitcoin more accessible to more people which isn't bad although there's also the downside that people who invest in ETFs don't have a direct ownership of bitcoin. So in regards to how sure we are, it's still debatable.

Responding to the OP's statement, if the Bitcoin ETF is accepted, BTC will experience a short pump and then stabilize or even drop in price again. ETFs will make BTC more accessible, especially in the stock market, and more people or traders will be able to trade BTC. Of course this is able to bring BTC to a price of $100,000 but not in the short term but in the long term.

Sorry, I have a question for other members regarding ETFs. Many ETFs have been proposed but until now none have been approved. Do you think there are still any shortcomings in the ETF proposed this time? Or will the ETF be different this time? please explain. What are the benchmarks that determine whether an ETF will be approved? it's still very vague here. What is the assembly waiting for and what is missing from the Bitcoin ETF until there is no ETF approved yet.

It could be "priced in" as you've said. But this is only a "wild guess", due to the crypto market's unpredictable nature. I'm certain there will be a lot of hype surrounding Bitcoin if spot ETFs are approved by the SEC. It could be a short-term opportunity for you to sell at a profit if you've bought BTC beforehand. Post-halving, I think prices will rise all the way to $100k and above. There's a lot of demand for BTC these days (both from institutional investors and mainstream governments themselves). Buying now would be the only way to secure low prices before the "pump". Who knows how long will it take before the "excitement" happens? Just my opinion :)

I'm also would agree that if spot ETFs are going to be approved, even one, it will case a big splash in the market, and so institutional investors and retail investors will join hands again to push the price to another all time high next bull run.

So imagine if others would have been approved by SEC just in time in the bull run, and that's why the prediction of $100k could be seen next as conservative estimates and for sure there will be excitement and euphoria again, the feeling of another bull run and new all time high in the horizon.

Some ETFs have been rejected by the SEC and delayed until March 2024, which has fueled speculation that the approval of ETFs will coincide with the halving, which would create a bull run that never happened. Furthermore, if this hypothesis is true, it is clear that someone is deliberately delaying and manipulating the market, waiting for the right time to announce. Basically, the SEC cannot continuously reject and delay ETFs without good reason so approval is only a matter of time.

Many people believe that an ETF is nothing and will not affect the price of bitcoin. They should review the gold data when the gold ETF was approved and how strongly the gold price rose.

I don't get why the SEC keeps delaying ETFs, when companies are doing everything they can to comply with regulations. There may be hidden intentions behind such a decision. Maybe it's because the SEC hates Bitcoin (and crypto in general) so much? We can see how SEC Chairman Gary Gensler has been treating crypto exchanges with an "iron fist" lately. If he gets replaced, it's likely the US regulatory agency will give the "green light" for a spot ETF. There are so many investors who want to get into the action.

As it's said in the real world, "money talks". I think the SEC will eventually approve spot ETFs for Bitcoin because of its ever-rising popularity. Once that happens, market prices will be a lot higher than what they are right now. $100k may just be the "tip of the iceberg" as the best is yet to come. Who knows how close we are towards a new ATH? Just my thoughts ;D

The 170,000$ is really possible if the BTC ETF is approved by the US, and that will only happen if the US allows investors to buy and sell shares on traditional stock exchanges. Now, when it happens, surely the demand will increase, which will push to increase the price value of Bitcoin.

So in reality, if we look back at history, the US has mostly given rejection in that aspect when it comes to ETF approval. And even if that is approved, no one knows how far Bitcoin's ATH will go. But still, the important thing is that Bitcoin increased to our expected value during the bull run.

This is what we who believe in this matter expect, right?

The SEC does not hate cryptocurrencies but they have not yet succeeded in controlling the market, their goal is to become a regulatory agency and control the market legally so they will continuously attack us to achieve be targeted.
Regarding their acceptance of ETFs, I think it's just a matter of time and there needs to be an appropriate time to announce, such as bull season is a more appropriate time. I don't rule out the possibility that they themselves are trying to manipulate the market.

They probably know ETFs are coming as there is no way this is not going to happen at some point on the future, but they want to delay it as much as possible until they feel they have enough control over this market, this is why they are going so strongly against exchanges now, and why most likely they will go against stable coins with the same intensity soon, also it seems to me they are worried the price of bitcoin may go up at such a fast speed, as bitcoin is considered to be a form of money opposite to fiat currencies, and if bitcoin becomes so expensive so fast this will bring down the image of fiat currencies even further.

Indeed. It should only be a matter of time before the SEC gives the "green light" for a Bitcoin ETF. After all, it wouldn't want to miss a huge opportunity to attract institutional investors into the "future of finance". The more investors get into the game, the more taxes the US government will be able to collect. Regulations are necessary to help legitimize the crypto industry. Without them, it would be the "wild west".

With "Wall Street" onboard, demand for BTC and other cryptocurrencies should be able to rise exponentially over time. $100k per BTC may only be the tip of the iceberg as the best is yet to come. Instead of "whining", people can take advantage of "cheap" market prices to build their own "empire" in the long run. The more BTC you "hodl", the higher your chances of getting rich will be. No one can predict the future, so lets hope for the best. Just my opinion :)

One word is going be "HUGEEE" pump but the downside is Bitcoin will be taken by the majority of investment companies.

Today there are 233,016.7158 Total Bitcoin Holdings, $6,102,825,471 Total Value (USD), 1.19% Public Companies Bitcoin Dominance. according to https://www.coingecko.com/en/public-companies-bitcoin

If all Bitcoin ETFs get approved the number 1% could increase I dunno into 10-20% more since those companies like BlackRock had a huge asset.

Exactly, if they accept ETFs, it will add credibility to bitcoin and people will rush to invest and use bitcoin, and will abandon fiat currencies or government bonds. I think that's what the SEC and the government are thinking about so they don't want to accept ETFs too quickly. I guess they will continue to find ridiculous reasons to find ways to delay the ETF as long as possible in order to find a solution to reduce losses on government bonds and fiat currencies once bitcoin ETF is approved.
Many are expecting ETFs to be approved in October but I believe they will all be delayed until next year.

ETF will definitely not be the reason at all, lol. We are already doing big bull runs without ETF so far, look at 2014, look at 2017 and look at the recent 2021, none of that had any ETF and all of them made the ATH become higher and higher.

The latest was 68k, which means that even a 50% increase from that would be nearing 100k anyway, and should be considered quite possible, I mean having just 50% higher ATH is nothing at all, normally it is much larger increase than that. I believe that we are going to end up with something that would be quite profitable to hold bitcoin until that period, and it will be 100k, and we do not need any ETF at all to have something like that, it should be normal and not a big deal.

Choosing a decentralized cryptocurrency over Fiat is something no government wants. I think the US government will end up tightening regulations for the crypto industry to prevent such scenario from happening in the future. The spot ETFs will continue to be delayed until the SEC feels "it's safe enough" to give the "green light". By the time a spot Bitcoin ETF is approved, the industry will be regulated "down to the bone". This shouldn't be a major cause of concern, especially if we want Bitcoin (or crypto in general) to be legitimized.

I'm certain market prices will rise to $100k sooner than later. But don't expect things to get better when centralization is still the "driving force" of the market. Who knows what the future holds for the cryptocurrency? Just my opinion :)

If we talk about market centralization, I think it is inevitable because most altcoin projects are centralized and have a leader. So, the government, SEC or any agency can easily regulate and control all of them. But I just hope, we will always be able to keep bitcoin as decentralized as possible and we only need bitcoin, we don't need other altcoins. As long as people never store their bitcoins on centralized platforms, no one can make bitcoin centralized.

As for bitcoin hitting $100k, I'm pretty confident that we're closer than ever. I mean, with or without an ETF, btc will still hit a new ATH in the next bull season.

Altcoin projects have a leader because they want to look as legitimate as possible under the eyes of mainstream investors and traders alike. A coin with unknown developers and founder would be flagged by said entities as a "scam". The only exception is Bitcoin because it was the first cryptocurrency that started this craze.

Staying on topic, I believe it'll be easy enough for BTC to reach $100k after the halving. Especially when many large investment companies are buying Bitcoin like crazy (particularly MicroStrategy). Even El Salvador is filling its bags with BTC. All of this shows us that demand is rising at a very fast pace. The SEC would have no choice but to approve the Bitcoin spot ETF in the long run. Such a move would attract serious investors into the crypto market. No one knows when this will happen, so lets hope for the best. Just my opinion :)

Speaking a bit about ETFs, did you follow Gary's recent hearing before the US House of Representatives? In the hearing was a congressman named Tom Emmer, who told Gary that the SEC had no power to block financial innovation and a lot of congressional pressure questions for Gary. So, as I also said before, SEC approval will only be a matter of time, they have no other choice. But honestly, I don't think any ETFs will get approved this year, I predict it will coincide with bull season. And that will be another catalyst for us to have a super bullish cycle.

I haven't watched it yet but I am quite confident that the US representative has urged Gary Gensler for openness several times for their openness of crypto currency, but still Gary is stubborn with his stance to bother Bitcoin, for this year there will be no Bitcoin ETF that is approved, seen From the maintenance time for ETF Bitcoin until at the end of Q1 2024, so we will see these decisions until that time and I am quite confident that Bitcoin ETF will be approved, if Gary still holds this, I just believe that she will be fired forced From its position in SEC.

Regarding the price, I do not have price expectations when the approval is completed to reach 100K is most likely above $ 50K and below $ 100K for Bitcoin prices when everything happens.

The speculative element to the ETF story is already played out, I think its in the price.   If it were to occur theres a slight positive from that, maybe we beat some prior resistance level.   What really needs to happen is an actual greater level of buying or a wider audience perhaps, then you have larger demand vs same supply and price must then rise.
   My general thoughts is BTC rises on actual greater usage, ETF holdings arent usage as such its just a way to follow price in another way.  The ETF will have a charge for the holding, so yield is negative to holders.
   Im only truly bullish on wider population of users and people who do use BTC, we already got enough speculative elements in BTC price action.   It'll happen but its slower then all these price jumps people drool over.

ETF approval might do a lot for Bitcoin and crypto in general, it could pump the price to 100k or even more because these companies have billions of dollars that they can use to make this happen, but it's just a speculation so do not take this very seriously, no one actually knows what could happen when ETFs start getting approval.

Gensler is still acting all stubbornly and I think it will cost him his job very soon if he is not ready to change, with the last video where he is been questioned that I watched I believe he is not far from getting sack anymore, unless he changes from now on.

We will need a high buying pressure after the Bitcoin halving, and I believe the ETF approval can easily trigger such buying pressure, many new users will come into crypto space and that's why I don't like comparing past history of Bitcoin to the present, the difference is things keep getting better than the past.

Bitcoin ETF can be a great fundamental to drive big price increases. I am very confident about it even though so far there has been no agreement on this plan. If the SEC through its representatives is the only obstacle, then it is very likely that it is influenced by personal reasons rather than the public interest and it should not drag on just because of one person.

If an ETF is approved in 2024, then this will definitely add to the strong fundamentals of reaching $100k in the price of bitcoin. We all know the halving will happen in 2024 too, so if an ETF is approved then this will be something big to hope bitcoin bulls.

Yes, I believe that we are going to end up with something that would be a lot more important. I think it's quite important to realize that we are going to end up with something that should be careful. I get that we are going to see SEC come down on them a lot harder next bull run if you ask me.

It's obvious that too many people are getting your money in the name of "funding" and then promise you to use that money to make the token bigger so you will earn money. Well, that's not going to be easy, plus, if you all paid me to build a token, and I give you that token, if I use all that fund to just buy back, the price would go up a ton, and you could just use that as your profit, and hype will be there too, simple as that.

we can speculate to reach such price level, however, that is true, we need to be conservative when it comes to estimating the price level in the market so we won't have decisions that may put us into a compromised situation, where we would be having trouble getting out.
the approval of ETF may have positive impact in the market. but aim realistic price levels. it won't jump overboard without solid reasons to begin with.

Not yet. But it's good to know Congress is questioning Gary Gensler for his actions. He may be exceeding his authority as far as I can tell. The Chairman would have no choice but to eventually give "the green light" for Bitcoin spot ETFs. Investors are waiting for this to happen before "pumping" market prices all the way to the moon. A spot Bitcoin ETF combined with a block reward halving, should lead market prices way above the $100k threshold.

I've even read predictions that BTC will hit $1m within the not-so-distant future. It would be wise to buy now while it's still cheap, before the excitement begins. Maybe new Bitcoin millionaires will emerge soon? ;D

It will definitely yield negative to the holder because they will start with minus directly due to the charge, but it could still see people end up buying more, people who didn't buy due to lack of ETF may end up buying, and all those companies that people use, will end up buying bitcoin to back that up, or at leas they should.

This means that it would help them help us grow bigger in bitcoin price. Would it make it 100k? I wouldn't know, it is an unknown number and we can't really pinpoint exact price and how much it will be. However, I can say that it will do fine, and that's the important part, if it can be better than what it is today, that means it's a good thing for the market. I welcome everything that is good for the market.

Speaking of firings, I remember during the House hearing, House Financial Services Committee Chairman: Patrick Mchenry also warned Gary that if he did not comply with congressional oversight, he would become chairman the SEC first received a subpoena from Congress. Or Congressman Davidson's statement that if the bill to stabilize the SEC is passed, he will soon be fired. Overall, there are many people in Congress who disagree with Gary's decisions regarding the cryptocurrency market. His dismissal could become a reality if he continues to stubbornly disobey parliament.

Regarding the impact of the ETF on bitcoin, as I said, I think it will be passed to coincide with bull season so it will also be a strong catalyst for bitcoin. We will see bitcoin price skyrocket even to $200k, IMO.

Wow, it seems that it is indeed in this deep government about Gary Gensler, you may give you the news link, I want to read it more, and maybe a suggestion for the latest news of Tengatng ETF Bitcoin and I really want to examine how the dynamics occur, and ensure that it is not Empty news that I got. Thank you in advance.

If it happens that happens at Paar Bull Market, it will definitely increase much crazier, but if that is what makes the Bull Market is not necessarily that in my opinion, but there's no way, everyone has its own views in the price of Bitcoin next year, the teapt is in Halving and ETF This Bitcoin.

True, and it's also still a growing industry but I'm optimistic about it. But In reality, we must also balance various factors At least for now. Bitcoin has an element of volatility about it and that is unlikely to go away any time soon but that is one more reason why we hold the coin and believe in BTC and perhaps this is not the only one or others also hope that the price of BTC continues to increase and pump to the intended price OP above.

I agree on one hand Gary Gensler appears to have overstepped his authority as SEC chairman. I'm not sure if it's for his personal interest or maybe it's true, it's because of personal interest.

Regarding the potential price of bitcoin if an ETF is approved, it will definitely have a huge impact on the price. Bitcoin will increased many times over the previous ATH and there is even a possibility that $1m will be reached. Confidence about that definitely exists, but on the other hand the SEC through Gary Gensler seems afraid about this possibility.  Buy now and hold for the long term, that's good advice for now.

The postponement means that they will accept the application when the time is right. So I think the process we are going through can only be called waiting for the right time.

I can't say whether the SEC chairman overstepped his authority or not, but I know that when the time is right, the SEC will accept the decisions that the SEC has postponed. I think it's better for Bitcoin that they don't make these decisions now. I think it would be more effective to accept applications when the halving happens or shortly before it happens.

The "right time" will be when crypto is regulated "down to the bone". Once the SEC feels confident crypto won't take over the USD, it will approve the spot Bitcoin ETF without remorse. That's the way it works. We can't expect the US government to quickly open the doors for crypto/Blockchain innovation when it goes against what was established in the first place. If they can't control crypto, they will make people's lives harder by tightening regulations.

Market prices will surely "pump", but the industry will be as centralized as ever. Hopefully, the core Bitcoin blockchain will remain impervious from centralization attempts by the government. As long as decentralization wins, nothing else matters. Just my opinion :)