It may not pass it. Soon it will be announced whether the bitcoin etf has been approved or not. If it has, the price will keep climbing. If it has not, the price will drop alot. That's what I fear. Both of these scenarios are supporting the anti-bitcoin user's arguments that bitcoin is too volatile.
I'm tempted to agree with you about the ETF....BUT in this case I don't think so.
My logic is that with EVERYONE saying the ETF only has a 1 out of 4 chance to pass...I think in this case the price is built in.....sure it may dump 10% if the ETF
does not pass...but folk that are putting money in BTC NOW imho ...are NOT doing so on an ETF pump of any note.
The price is going up on the past actions in the last year of BTC doubling and FOMO...
now IF the ETF did pass..then it would be bubble city and it would all bubble/surge/pop at that point
I just don't see it with the ETF odds at this time, adding all that much to the price...
anyway we will see I guess
edit: on the othe hand if the folk giving the rubber stamp to the ETF are anything like the IRS and HATE us pesky (non-banker) BTC types..they will wait to March 10th
and THEN say it is a no go....Like the IRS did on guidelines in 2013 for mining and BTC and crypto announced it 10 days before the April 15th tax filing day or some such.
If so on March 10th we will be provided with a bit of MIRTH by the powers that be..if they slap it down then.....to try and put us minions with tulip money in our place
A bureaucratic Yuk Yuk at our expense