Is it most to approve Bitcoin ETF before bitcoin price increase

[oriontab]

I don't think ETF approval is must for the BTC price to increase but it will definitely have a positive effect on the market and if bitcoin ETF gets approved, we might even see Bitcoin surpassing the last year's market cap of 20,000$ easily. Since the last ETF hearing hype has made Bitcoin to break so many barriers, it will affect the price in a positive way.

ETF approval is not a must but it would be a definite spike in the rise of the bitcoin price. If we get it approved I can guarantee a decent rise to at least 10k before november. But thats all in the cards now. What with the unnecessary refusals.

It seem we will even make more progress without the bitcoin ETF approvals, a lot of things are happening simultaneously that can help push the price of bitcoin upward

[oriontab]

The decision from SEC matters because people was too much hyped about it. I think bitcoin doesn't need ETF to be bounced back again.

It seem we all need SEC to approve the Bitcoin ETF proposals at this stage, we need new players honestly as they market is very fragile now. Just some information that Goldman's sachs will not be offering bitcoin trading platform soon caused the market to lose 25b USD in barely 24 hours.

[bitcoindusts]

Approval of the Bitcoin ETF is not really a must for us to see a bullish season, but it would be a contributing factor should it happens.

The Bitcoin ETF is geared towards having an investing instrument backed by actual bitcoins targeting institutional investors to ensure we have enough players in the market which actually translates to higher coin market cap. And bitcoin etf is also expected to boost the confidence of many for us to see a more stabilized price growth.

Yet, a bullish season can take effect without Bitcoin ETF as we saw from last year, it is not mandatory but could raise the bar higher.

[Ebeano]

What's the essense  of etf 'so approval please?
I don't understand.

[spadaccino]

We hope it mate. But if you bet know, you can lose you know. Finger crossed for approval ETF

[goldkingcoiner]

The European view on ETF Bitcoin is way more positive than the US's. If the US wants to keep up with Europe they will need to approve ETF sooner than later. Otherwise Europe will get the advantage in the cryptomarket soon. And America is not ready for that.

[batang_bitcoin]

ETF isn't the only way to make the price of bitcoin get into the bull run.

I think we don't even need it because last year was a great bull run and it didn't have any bitcoin ETF approval. If the last hope for the bitcoin ETF at the end of this month will be rejected, then don't hope for it anymore. The best thing that you can do is to move forward and look into the market not with ETF's.

[Jahmal32]

ETF isn't the only way to make the price of bitcoin get into the bull run.

I think we don't even need it because last year was a great bull run and it didn't have any bitcoin ETF approval. If the last hope for the bitcoin ETF at the end of this month will be rejected, then don't hope for it anymore. The best thing that you can do is to move forward and look into the market not with ETF's.

I support you. Bitcoin is able to return to its highs and conquer them, and without the help of ETF! A big player will come when the time is right!!! He does not need to wait for the approval of the ETF!

[GymClassHeroes]

It is not a must we have the bitcoin ETF proposals approved by SEC, the market can do with or without an ETF, it is just that an ETF will accelerate the time it will take for us to reach a bullish market.adoption can take quite a while

[zolfa]

First, we must know that bitcoin ETF is able to hit the USA market, but Bitcoin ETF is still dependent on derivatives and bitcoin futures markets, while the SEC clarifies that the bitcoin futures market in the USA does not have large space for ETF to base their prices on the futures exchange. so they must analyze every major improvement and growth in the short term.

[batang_bitcoin]

ETF isn't the only way to make the price of bitcoin get into the bull run.

I think we don't even need it because last year was a great bull run and it didn't have any bitcoin ETF approval. If the last hope for the bitcoin ETF at the end of this month will be rejected, then don't hope for it anymore. The best thing that you can do is to move forward and look into the market not with ETF's.

I support you. Bitcoin is able to return to its highs and conquer them, and without the help of ETF! A big player will come when the time is right!!! He does not need to wait for the approval of the ETF!

True.

Don't get too much hype for that Bitcoin ETF proposal so if ever there will be a bad news, you know that its coming and you have been prepared for it. But if by chance that its get an approval from SEC then at least you didn't expected that its going to be approved and that's the time that you have to take a look on its effects.

[jpnl0006]

it is not a must to approve the bitcoin on the ETF but it will have a very big and mighty influence in several things as it relates to the technology, firstly, investors will consider their monies very safe and also know that certain rules are backing their actions and legal actions can also be taken if peradventure something goes wrong with their investments.

[goldkingcoiner]

I don't think ETF approval is must for the BTC price to increase but it will definitely have a positive effect on the market and if bitcoin ETF gets approved, we might even see Bitcoin surpassing the last year's market cap of 20,000$ easily. Since the last ETF hearing hype has made Bitcoin to break so many barriers, it will affect the price in a positive way.

ETF approval is not a must but it would be a definite spike in the rise of the bitcoin price. If we get it approved I can guarantee a decent rise to at least 10k before november. But thats all in the cards now. What with the unnecessary refusals.

It seem we will even make more progress without the bitcoin ETF approvals, a lot of things are happening simultaneously that can help push the price of bitcoin upward

Yeah exactly, the attention whether negative or not will alone generate a bigger interest in bitcoin and etf approval. As I see it, bitcoin is still in positive view around the world and this only keeps rising with time.. Hopefully the west will come to terms and accept it as it is

[yangdo]

way more complex than that. Futures came at the worse possible moment and crashed the market. I doubt it was so blatantly manipulated because of EFTs.

The Winkle twins have been pushing for one for years on end

[raven.tiu17]

Even if ETF approve or dissaprove it still bitcoin dominance will play the majority of currencies worldwide. They need bitcoin we need bitcoin. but do you think bitcoin needs us? The answer is No. why?? coz bitcoin is a mineable coin and there's a supply and demand for that so it keep rising when blocks decreases every 4 years.

[karlkino]

It is not a must for ETF to be approved for the market cap to increase, however, it is GOOD NEWS that brings about such increase and ETF will bring in institutional investors which will significantly increase the market cap of the cryptocurrency markets.

[Zulema3382]

An appreciation season can be effective without the Bitcoin ETF as we have seen since last year, it is not mandatory but may raise the bar higher. I think we did not even need it because last year was a big bull run and it did not have any bitcoin ETF approval. The best thing you can do is move forward and look at the market not with the ETF.