Just approve them already, Gensler.
@MDBitcoin
ind of crazy to think the Power Play that ETFs have on the #Bitcoin market.
I. Unified Approval of All #Bitcoin Spot ETF Applications:
• Endorsing all #Bitcoin ETF applications simultaneously could ignite a multi-trillion dollar surge in the market.
II. Market Dynamics:
• Under such circumstances, the free market would adeptly identify the winners and those who fall behind.
III. BlackRock's Influence:
• Although BlackRock appears dominant in this arena, I remain optimistic about diverse outcomes.
• When BlackRock entered the scene, Bitcoin's value increased by roughly 20% within a week.
IV. #Bitcoin 's Historical Growth:
• It's easy to overlook that #Bitcoin started with a value of $0 and escalated to a market capitalization exceeding $1 trillion, primarily without significant institutional involvement.
V. If retail investors contributed to the first $1 trillion, what might happen when influential financial entities engage with a limited asset known as the pinnacle of monetary saving technology?
VI. BlackRock's Potential Impact:
• Regardless of personal opinions, BlackRock's Bitcoin Spot ETF is set to revolutionize the Bitcoin ecosystem.
• It's a transformative move that could potentially trigger an immediate rise to 150k for Bitcoin.
VII. Bitcoin's Evolution:
• The asset is poised to evolve in an unprecedented way.
This could bring at least $100B in new demand (conservative estimate).
Then expect:
Institutional FOMO.
Small to middle nations FOMO.
Countries FOMO
• Contrary to skeptical views on Bitcoin Twitter/X, the projected expansion of Bitcoin is a narrative too significant to dismiss.
https://x.com/mdbitcoin/status/1712930530000314480
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