NEM announced new $100 million dollar blockchain hubs & The CBOE files application for Bitcoin ETF. What does this mean for the markets?
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https://youtu.be/gT1qjsMxwAUThe only thing that means a lot for the market is the bitcoin ETF and i will not try to take NEM's news seriously because it doesn't give any impact to the crypto in the future. The recent bullish caused by the bitcoin ETF itself and many people are believing on it.
Last year, the news of many FUTURES applications and approvals were part of the big bull run but then excitement on them eventually wear down and now some are looking at them as big bane for the rise of the Bitcoin value as they don't directly invest at Bitcoin but just a legal gambling protocol on how well or bad Bitcoin can be performing in the coming months and years but then again some are looking at this development to be a big vote of confidence for Bitcoin so let's see what can be its long-term effects and influence. Now, we are dealing with ETFs which kinda different from futures and I agree that this can have a big impact on Bitcoin and the direction it can be tracking from there on. Hope we can have them approved soon.
