Will ETFs pump BTC to $100k soon?

[Falconer]

ETF approval might do a lot for Bitcoin and crypto in general, it could pump the price to 100k or even more because these companies have billions of dollars that they can use to make this happen, but it's just a speculation so do not take this very seriously, no one actually knows what could happen when ETFs start getting approval.

Gensler is still acting all stubbornly and I think it will cost him his job very soon if he is not ready to change, with the last video where he is been questioned that I watched I believe he is not far from getting sack anymore, unless he changes from now on.

We will need a high buying pressure after the Bitcoin halving, and I believe the ETF approval can easily trigger such buying pressure, many new users will come into crypto space and that's why I don't like comparing past history of Bitcoin to the present, the difference is things keep getting better than the past.

Bitcoin ETF can be a great fundamental to drive big price increases. I am very confident about it even though so far there has been no agreement on this plan. If the SEC through its representatives is the only obstacle, then it is very likely that it is influenced by personal reasons rather than the public interest and it should not drag on just because of one person.

If an ETF is approved in 2024, then this will definitely add to the strong fundamentals of reaching $100k in the price of bitcoin. We all know the halving will happen in 2024 too, so if an ETF is approved then this will be something big to hope bitcoin bulls.

[bitgolden]

If we talk about market centralization, I think it is inevitable because most altcoin projects are centralized and have a leader. So, the government, SEC or any agency can easily regulate and control all of them. But I just hope, we will always be able to keep bitcoin as decentralized as possible and we only need bitcoin, we don't need other altcoins. As long as people never store their bitcoins on centralized platforms, no one can make bitcoin centralized.

As for bitcoin hitting $100k, I'm pretty confident that we're closer than ever. I mean, with or without an ETF, btc will still hit a new ATH in the next bull season.

Yes, I believe that we are going to end up with something that would be a lot more important. I think it's quite important to realize that we are going to end up with something that should be careful. I get that we are going to see SEC come down on them a lot harder next bull run if you ask me.

It's obvious that too many people are getting your money in the name of "funding" and then promise you to use that money to make the token bigger so you will earn money. Well, that's not going to be easy, plus, if you all paid me to build a token, and I give you that token, if I use all that fund to just buy back, the price would go up a ton, and you could just use that as your profit, and hype will be there too, simple as that.

[AmoreJaz]

ETF approval might do a lot for Bitcoin and crypto in general, it could pump the price to 100k or even more because these companies have billions of dollars that they can use to make this happen, but it's just a speculation so do not take this very seriously, no one actually knows what could happen when ETFs start getting approval.

Gensler is still acting all stubbornly and I think it will cost him his job very soon if he is not ready to change, with the last video where he is been questioned that I watched I believe he is not far from getting sack anymore, unless he changes from now on.

We will need a high buying pressure after the Bitcoin halving, and I believe the ETF approval can easily trigger such buying pressure, many new users will come into crypto space and that's why I don't like comparing past history of Bitcoin to the present, the difference is things keep getting better than the past.

we can speculate to reach such price level, however, that is true, we need to be conservative when it comes to estimating the price level in the market so we won't have decisions that may put us into a compromised situation, where we would be having trouble getting out.
the approval of ETF may have positive impact in the market. but aim realistic price levels. it won't jump overboard without solid reasons to begin with.

[Abiky]

Speaking a bit about ETFs, did you follow Gary's recent hearing before the US House of Representatives? In the hearing was a congressman named Tom Emmer, who told Gary that the SEC had no power to block financial innovation and a lot of congressional pressure questions for Gary. So, as I also said before, SEC approval will only be a matter of time, they have no other choice. But honestly, I don't think any ETFs will get approved this year, I predict it will coincide with bull season. And that will be another catalyst for us to have a super bullish cycle.

Not yet. But it's good to know Congress is questioning Gary Gensler for his actions. He may be exceeding his authority as far as I can tell. The Chairman would have no choice but to eventually give "the green light" for Bitcoin spot ETFs. Investors are waiting for this to happen before "pumping" market prices all the way to the moon. A spot Bitcoin ETF combined with a block reward halving, should lead market prices way above the $100k threshold.

I've even read predictions that BTC will hit $1m within the not-so-distant future. It would be wise to buy now while it's still cheap, before the excitement begins. Maybe new Bitcoin millionaires will emerge soon?

[tygeade]

The speculative element to the ETF story is already played out, I think its in the price.   If it were to occur theres a slight positive from that, maybe we beat some prior resistance level.   What really needs to happen is an actual greater level of buying or a wider audience perhaps, then you have larger demand vs same supply and price must then rise.
   My general thoughts is BTC rises on actual greater usage, ETF holdings arent usage as such its just a way to follow price in another way.  The ETF will have a charge for the holding, so yield is negative to holders.
   Im only truly bullish on wider population of users and people who do use BTC, we already got enough speculative elements in BTC price action.   It'll happen but its slower then all these price jumps people drool over.

It will definitely yield negative to the holder because they will start with minus directly due to the charge, but it could still see people end up buying more, people who didn't buy due to lack of ETF may end up buying, and all those companies that people use, will end up buying bitcoin to back that up, or at leas they should.

This means that it would help them help us grow bigger in bitcoin price. Would it make it 100k? I wouldn't know, it is an unknown number and we can't really pinpoint exact price and how much it will be. However, I can say that it will do fine, and that's the important part, if it can be better than what it is today, that means it's a good thing for the market. I welcome everything that is good for the market.

[Minecache]

If we talk about market centralization, I think it is inevitable because most altcoin projects are centralized and have a leader. So, the government, SEC or any agency can easily regulate and control all of them. But I just hope, we will always be able to keep bitcoin as decentralized as possible and we only need bitcoin, we don't need other altcoins. As long as people never store their bitcoins on centralized platforms, no one can make bitcoin centralized.

As for bitcoin hitting $100k, I'm pretty confident that we're closer than ever. I mean, with or without an ETF, btc will still hit a new ATH in the next bull season.

Altcoin projects have a leader because they want to look as legitimate as possible under the eyes of mainstream investors and traders alike. A coin with unknown developers and founder would be flagged by said entities as a "scam". The only exception is Bitcoin because it was the first cryptocurrency that started this craze.

Staying on topic, I believe it'll be easy enough for BTC to reach $100k after the halving. Especially when many large investment companies are buying Bitcoin like crazy (particularly MicroStrategy). Even El Salvador is filling its bags with BTC. All of this shows us that demand is rising at a very fast pace. The SEC would have no choice but to approve the Bitcoin spot ETF in the long run. Such a move would attract serious investors into the crypto market. No one knows when this will happen, so lets hope for the best. Just my opinion

Speaking a bit about ETFs, did you follow Gary's recent hearing before the US House of Representatives? In the hearing was a congressman named Tom Emmer, who told Gary that the SEC had no power to block financial innovation and a lot of congressional pressure questions for Gary. So, as I also said before, SEC approval will only be a matter of time, they have no other choice. But honestly, I don't think any ETFs will get approved this year, I predict it will coincide with bull season. And that will be another catalyst for us to have a super bullish cycle.

I haven't watched it yet but I am quite confident that the US representative has urged Gary Gensler for openness several times for their openness of crypto currency, but still Gary is stubborn with his stance to bother Bitcoin, for this year there will be no Bitcoin ETF that is approved, seen From the maintenance time for ETF Bitcoin until at the end of Q1 2024, so we will see these decisions until that time and I am quite confident that Bitcoin ETF will be approved, if Gary still holds this, I just believe that she will be fired forced From its position in SEC.

Regarding the price, I do not have price expectations when the approval is completed to reach 100K is most likely above $ 50K and below $ 100K for Bitcoin prices when everything happens.

Speaking of firings, I remember during the House hearing, House Financial Services Committee Chairman: Patrick Mchenry also warned Gary that if he did not comply with congressional oversight, he would become chairman the SEC first received a subpoena from Congress. Or Congressman Davidson's statement that if the bill to stabilize the SEC is passed, he will soon be fired. Overall, there are many people in Congress who disagree with Gary's decisions regarding the cryptocurrency market. His dismissal could become a reality if he continues to stubbornly disobey parliament.

Regarding the impact of the ETF on bitcoin, as I said, I think it will be passed to coincide with bull season so it will also be a strong catalyst for bitcoin. We will see bitcoin price skyrocket even to $200k, IMO.

[bangjoe]

Speaking of firings, I remember during the House hearing, House Financial Services Committee Chairman: Patrick Mchenry also warned Gary that if he did not comply with congressional oversight, he would become chairman the SEC first received a subpoena from Congress. Or Congressman Davidson's statement that if the bill to stabilize the SEC is passed, he will soon be fired. Overall, there are many people in Congress who disagree with Gary's decisions regarding the cryptocurrency market. His dismissal could become a reality if he continues to stubbornly disobey parliament.

Regarding the impact of the ETF on bitcoin, as I said, I think it will be passed to coincide with bull season so it will also be a strong catalyst for bitcoin. We will see bitcoin price skyrocket even to $200k, IMO.

Wow, it seems that it is indeed in this deep government about Gary Gensler, you may give you the news link, I want to read it more, and maybe a suggestion for the latest news of Tengatng ETF Bitcoin and I really want to examine how the dynamics occur, and ensure that it is not Empty news that I got. Thank you in advance.

If it happens that happens at Paar Bull Market, it will definitely increase much crazier, but if that is what makes the Bull Market is not necessarily that in my opinion, but there's no way, everyone has its own views in the price of Bitcoin next year, the teapt is in Halving and ETF This Bitcoin.

[YUriy1991]

They've recently won a lawsuit in court against the SEC. Other companies (eg: BlackRock) are considering doing the same. If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"? How would this positively affect BTC in the long term? Do you think it's possible the cryptocurrency will reach $100k if ETFs are approved by the US regulatory agency (SEC) before the halving of 2024?

Your input would be greatly appreciated. Thank you.

The bitcoin spot ETF are for the people who want to own bitcoin but do not want to own bitcoin.  That is bitcoin spot ETFs gives them lower risks than investing directly in bitcoin. The is room for a increase in percentage of bitcoin price due to it. Aside the halving which many people are already talking about and getting set, there are other factors in addition to the ETFs that will take bitcoin to $100k soon.

True, and it's also still a growing industry but I'm optimistic about it. But In reality, we must also balance various factors At least for now. Bitcoin has an element of volatility about it and that is unlikely to go away any time soon but that is one more reason why we hold the coin and believe in BTC and perhaps this is not the only one or others also hope that the price of BTC continues to increase and pump to the intended price OP above.

[imamusma]

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Not yet. But it's good to know Congress is questioning Gary Gensler for his actions. He may be exceeding his authority as far as I can tell. The Chairman would have no choice but to eventually give "the green light" for Bitcoin spot ETFs. Investors are waiting for this to happen before "pumping" market prices all the way to the moon. A spot Bitcoin ETF combined with a block reward halving, should lead market prices way above the $100k threshold.

I've even read predictions that BTC will hit $1m within the not-so-distant future. It would be wise to buy now while it's still cheap, before the excitement begins. Maybe new Bitcoin millionaires will emerge soon?

I agree on one hand Gary Gensler appears to have overstepped his authority as SEC chairman. I'm not sure if it's for his personal interest or maybe it's true, it's because of personal interest.

Regarding the potential price of bitcoin if an ETF is approved, it will definitely have a huge impact on the price. Bitcoin will increased many times over the previous ATH and there is even a possibility that $1m will be reached. Confidence about that definitely exists, but on the other hand the SEC through Gary Gensler seems afraid about this possibility.  Buy now and hold for the long term, that's good advice for now.

[flyingcarpet]

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Not yet. But it's good to know Congress is questioning Gary Gensler for his actions. He may be exceeding his authority as far as I can tell. The Chairman would have no choice but to eventually give "the green light" for Bitcoin spot ETFs. Investors are waiting for this to happen before "pumping" market prices all the way to the moon. A spot Bitcoin ETF combined with a block reward halving, should lead market prices way above the $100k threshold.

I've even read predictions that BTC will hit $1m within the not-so-distant future. It would be wise to buy now while it's still cheap, before the excitement begins. Maybe new Bitcoin millionaires will emerge soon?

I agree on one hand Gary Gensler appears to have overstepped his authority as SEC chairman. I'm not sure if it's for his personal interest or maybe it's true, it's because of personal interest.

Regarding the potential price of bitcoin if an ETF is approved, it will definitely have a huge impact on the price. Bitcoin will increased many times over the previous ATH and there is even a possibility that $1m will be reached. Confidence about that definitely exists, but on the other hand the SEC through Gary Gensler seems afraid about this possibility.  Buy now and hold for the long term, that's good advice for now.

The postponement means that they will accept the application when the time is right. So I think the process we are going through can only be called waiting for the right time.

I can't say whether the SEC chairman overstepped his authority or not, but I know that when the time is right, the SEC will accept the decisions that the SEC has postponed. I think it's better for Bitcoin that they don't make these decisions now. I think it would be more effective to accept applications when the halving happens or shortly before it happens.

[Abiky]

The postponement means that they will accept the application when the time is right. So I think the process we are going through can only be called waiting for the right time.

I can't say whether the SEC chairman overstepped his authority or not, but I know that when the time is right, the SEC will accept the decisions that the SEC has postponed. I think it's better for Bitcoin that they don't make these decisions now. I think it would be more effective to accept applications when the halving happens or shortly before it happens.

The "right time" will be when crypto is regulated "down to the bone". Once the SEC feels confident crypto won't take over the USD, it will approve the spot Bitcoin ETF without remorse. That's the way it works. We can't expect the US government to quickly open the doors for crypto/Blockchain innovation when it goes against what was established in the first place. If they can't control crypto, they will make people's lives harder by tightening regulations.

Market prices will surely "pump", but the industry will be as centralized as ever. Hopefully, the core Bitcoin blockchain will remain impervious from centralization attempts by the government. As long as decentralization wins, nothing else matters. Just my opinion