Bitcoin Price Will Spike Over 65% After Winkelvoss ETF

[aardvark15]

Could the increase due to the potential ETF already be built into the price? That's sort of what happened last year with the halving. I think the price increases for a few months prior to the halving so there wasn't much change after the halving.

[MiladMax]

And what if it disapproved?? How much dip would you expect?

[Paashaas]

And what if it disapproved?? How much dip would you expect?

Well, March 11th is on a Saturday..so you can chill behind youre screen and party on ore press SELL.

[log2exp]

Some of my friends want to get into bitcoin, and I told them to prepare to buy the dip after March 11. How far the knife is going to fall, it's hard to tell, but at least some are prepared to catch it.

[1Referee]

And what if it disapproved?? How much dip would you expect?

It just depends on how far the current increase is based on what will be happening with the ETF on the 11 of March, next month. I think the uncertainty that governments cause within their economy is what is pushing people towards Bitcoin. They take positions into Bitcoin to store (secure) a part of their wealth outside the banking/governmental system. It creates great demand for Bitcoin which isn't likely to decrease any time soon. If the ETF doesn't happen to get approved and the price falls as result of that, then it will be nothing more than a short lasting dump. After that the price will continue it's way up.

[Victorycoin]

ETF will be a gate for institutional capital to invest in bitcoin. If we think, who is buying BTC now?
Most money managers can't invest in Bitcoin because it is not registered security and they can't touch it because of that.
With ETF in play it will be possible for institutional money to flow into bitcoin. People will realize that Bitcoin is now backed by legal financial institution.
So BTC will no longer be 'that thing used to buy illegal goods' but instead become something approved by SEC.
All that will make bitcoin price more stable, because volatility will vaporize, and effect on price will be significant.

I quite agree with your take that Bitcoin ETFs would attract more institutional investors to Bitcoin, but to have Bitcoin backed by legal works is going to be a tall order, because the authorities are mindful of the fact that Bitcoin stands to push especially the local currencies to the background if given legal backing and for that, it should be understandable why they would rather look the other way. Nevertheless, ETFs would provide an avenue for the authorities to influence the price of Bitcoin and I think they would be interested in that!