Will ETFs pump BTC to $100k soon?

[Mr.right85]

Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.

When you say manipulators having to decide on doing an instant pump on the coin or not, it presents a feel that, these guys actually set the bitcoin price in a way. I get it that manipulation of prices does happen but, it’s usually within a very short period of time and possibly they get to make some money from it but, it’s not on every bitcoin exchanger out there.

Still, ETF isn’t exactly bitcoin but, just an offering.
The news here is in the winning against the government. That’s what every bitcoin enthusiast wants to hear and it in turns passes a message to the yet to be or anticipating investors that it’s not ultimately what the government might have presented it as.

We could expect some positive reactions from this news but, I really wouldn’t want to view it in the direction of pump and dump. Bitcoin is one currency that has a fair growth and decline rate to its phase.

[Abiky]

There are bitcoin ETFs in Europe and Canada, and they are not very popular. Many experts say that the spot Bitcoin ETF will be accepted in the US, but the prices in the market are recouping these events earlier.
Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.

It seems to me that the market is being manipulated by big players (mainly investment companies and whales) for their own interest. Not even the announcement of an ETF launch had a positive effect over BTC's market prices. The aforementioned entities may be keeping prices low before the BTC halving takes effect. After that, market prices will "pump" like crazy. I'm very confident BTC will reach $100k soon, especially when there's huge interest in it.

One thing for sure is that a lot of the big players have been accumulating BTC like there's no tomorrow. High demand and low supply will keep prices high for a very long time (hopefully). No one can predict the future, so lets hope for the best. Just my thoughts

[Ale88]

Grayscale is about to launch a Bitcoin ETF soon. 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?

What I see as the main benefit from the (eventual) ETFs approval is that many people will see bitcoin with a different eye: for many big investors bitcoin is still some kind of Ponzi scheme and/or scam but after the SEC gives green light and very important funds will start promoting bitcoin (and other cryptos) it will be difficult to keep thinking that is a scam. This is for me the best thing about these ETFs, besides a possible price increase, of course.

[Iranus]

Your input would be greatly appreciated. Thank you.

There are still a number of ETFs awaiting SEC approval in October but the question is will they continue to delay or will they accept? Because as we all know the SEC has delayed many ETFs until March next year and that means it will coincide with the halving. I don't believe any proposals will pass the SEC this year, I don't believe the recent prediction that 75% will have an ETF this year. But I believe the impact of the ETF on bitcoin, it will be a big push for the price and popularity of bitcoin.

[Texac]

There are bitcoin ETFs in Europe and Canada, and they are not very popular. Many experts say that the spot Bitcoin ETF will be accepted in the US, but the prices in the market are recouping these events earlier.
Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.

It seems to me that the market is being manipulated by big players (mainly investment companies and whales) for their own interest. Not even the announcement of an ETF launch had a positive effect over BTC's market prices. The aforementioned entities may be keeping prices low before the BTC halving takes effect. After that, market prices will "pump" like crazy. I'm very confident BTC will reach $100k soon, especially when there's huge interest in it.

One thing for sure is that a lot of the big players have been accumulating BTC like there's no tomorrow. High demand and low supply will keep prices high for a very long time (hopefully). No one can predict the future, so lets hope for the best. Just my thoughts

The bitcoin market has never really moved based on supply and demand, it is manipulated by many different forces.  that's why we often see sudden movements in bitcoin without any explanation.  The ETF will indeed have a significant impact on bitcoin but you are right, the important thing is that the sharks still dictate the movement of bitcoin.  but I think we don't need to wait for greater popularity or ETFs for bitcoin to reach $100k, we are slowly exiting the bear season and the halving is approaching.  increasing the price of bitcoin and creating a new ATH is inevitable.

[Don Pedro Dinero]

Depends on the timing of the approval though, if this happens in after the block halving or at least we are in the bull run cycle, possible that this could be the biggest catalyst for a prediction of 6 digits in the next bull run resulting in a new all time high.

This is what I think today. If it were to pass today, it would not drive the price to $100,000 in the next few months. You have to think that it is going to add volatility to the price, and that just as it could make it go up faster it could also make it go down faster. But I think the initial reaction of the price will undoubtedly be upwards.

However, as the next cycle is likely to see the price in itself pass $100,000, the approval of the spot ETF at or shortly before this time may act as a catalyst, as you say.

[Oasisman]

Grayscale is about to launch a Bitcoin ETF soon.

The grayscale bitcoin trust is in form of bitcoin ETF but it is not Bitcoin spot ETF.

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.

With bitcoin spot ETF people in the stock market will be able to buy bitcoin. Bitcoin price is expected to go up. But I am more thinking about bitcoin halving which would be enough to cause FOMO and bull run that can take bitcoin to $100000.

With bitcoin ETF, I am expecting $170000.

I would also like to be optimistic, but considering the economic conditions in the world, I do not think the Bitcoin price can reach this high. If the conditions in the economy change, then there is a chance to reach the prices you mentioned.

I don't think the economic situation globally would affect bitcoin price greatly. We have witnessed it in the midst of the covid lock down where everyone was panic buying withdrawing all their funds from the banks to secure cash as it is the most convenient and most accessible way to purchase essentials during that time.
We all have been expecting a significant drop in bitcoin's price, but it actually didn't happen.
I guess a lot of people have already learned how to secure their funds when high inflations and economic crisis peaks.

[adaseb]

If the etf is approved I think we might hit $40k or maybe $50K and that’s it. We won’t get $100K. The entire economy is basically about to collapse and this isn’t the time for bitcoin to go to these crazy numbers like in 2021.

Most likely when it’s approved it will rally and when it’s finally listed and live it will be the peak and it’ll reverse just like the BTC futures and then the coin ipo listing.

[DanWalker]

Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.

When you say manipulators having to decide on doing an instant pump on the coin or not, it presents a feel that, these guys actually set the bitcoin price in a way. I get it that manipulation of prices does happen but, it’s usually within a very short period of time and possibly they get to make some money from it but, it’s not on every bitcoin exchanger out there.

Still, ETF isn’t exactly bitcoin but, just an offering.
The news here is in the winning against the government. That’s what every bitcoin enthusiast wants to hear and it in turns passes a message to the yet to be or anticipating investors that it’s not ultimately what the government might have presented it as.

We could expect some positive reactions from this news but, I really wouldn’t want to view it in the direction of pump and dump. Bitcoin is one currency that has a fair growth and decline rate to its phase.

If you think price manipulation can be short-term, then can you explain it to me? Why do many people think that bitcoin cannot fall any further and that it will increase as the halving approaches? The closer to halving, the more demand will increase, and from there the price will increase, but until now, nothing has changed and bitcoin is even decreasing. That's not manipulation, so what is it?

In the long term, the ETF will indeed be positive for bitcoin but in the short term, the news is only relevant as an excuse to pump and dump the market whether you like it or not. Not only do the sharks like it, but many short-term investors like it too. Manipulation is inevitable in a market as small as bitcoin or crypto.

[fruktik]

There are bitcoin ETFs in Europe and Canada, and they are not very popular. Many experts say that the spot Bitcoin ETF will be accepted in the US, but the prices in the market are recouping these events earlier.
Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.

That's it ... and I'm talking about the same. Why would the price suddenly go up so immediately after the adoption of these contracts? I agree that all this is only derivative and not popular. I fully understand the desire of companies to enter this area legally, but this does not give any guarantee of increasing value.

Well, yes ... there was a precedent when the SEC won a lawsuit. What of it? This is just an isolated case. This state body is not as simple as it might seem and almost always achieves its goals. People there are not idiots and will still take their toll.

[tech30338]

Grayscale is about to launch a Bitcoin ETF soon. 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.

I don't expect bitcoin for $100.000 before the halving. Most likely it will happen later than this event, as it happened in previous cycles.

Even if bitcoin ETF could push bitcoin's price to $100.000, it would only be a short-lived event. After which there would inevitably be a strong decline. All the same, I would like to see the price of bitcoin to $100.000 a little more stable. To keep the plus or minus at this level, as it is happening now in the range of $25-30.000.

It seems to me that the hype around bitcoin ETF is overrated and it will not have a strong impact in the long run, but it will make a small contribution to the popularity of bitcoin, which, in general, is already good.

Its been years now but every time the news about ETF being approved resurface the price goes up a bit but after a few hours or after a day, price will go differ, its like someone is just bringing it up , to get some money, too bad for the people who bought on the short pump and for sure, they will sell it afterwards,

[Abiky]

If the etf is approved I think we might hit $40k or maybe $50K and that’s it. We won’t get $100K. The entire economy is basically about to collapse and this isn’t the time for bitcoin to go to these crazy numbers like in 2021.

Most likely when it’s approved it will rally and when it’s finally listed and live it will be the peak and it’ll reverse just like the BTC futures and then the coin ipo listing.

You're right about that. The mainstream economy is in ruins. We can blame the United States for that. Unless "The FED" puts a halt in its efforts to reduce inflation, there will be no signs of improvement whatsoever. Despite the recent turmoil, the crypto market has often performed better than the stocks market. BTC is by far the best-performing asset in the world. If there's a swift recovery of the global economy, we should expect Bitcoin to reach $100k and beyond. There's no limit to how high it can go. Especially now that institutional investors are joining the game.

The future for Bitcoin is a very bright one to say the least. I have the feeling the SEC will end up approving a spot ETF for BTC, as it gets pressured by entities with a lot of money on the table. Who knows if current BTC holders get insanely rich by the time this happens? Just my thoughts

[blckhawk]

There are bitcoin ETFs in Europe and Canada, and they are not very popular. Many experts say that the spot Bitcoin ETF will be accepted in the US, but the prices in the market are recouping these events earlier.
Bitcoin has a chance to cost even $ 100,000, but manipulators will not do it instantly, and on pumps and dumps they will take a lot of money from hamsters.

That's why it's a good idea now to buy and store more bitcoin knowing that there are market manipulators waiting to pounce and make themselves more richer, don't be the hamsters that would have your money taken away make sure to ride the wave with manipulators and always remember to set a price that no matter what happens, that's going to be your exit price. Regards to the ETFs, they aren't popular but that doesn't mean that the market doesn't want it, that can only mean that those ETFs just needs a little push and some PR so it can reach the wider market.

[Darker45]

$100,000 will happen whether the SEC approves a spot Bitcoin ETF or not. And if the SEC approves Grayscale and BlockRock's spot Bitcoin ETF applications before the halving, I still don't think this is enough for the price to reach $100,000. BlackRock and others having a spot Bitcoin ETF will certainly contribute to the acceleration of Bitcoin's approach toward $100,000, but they're not the main driving force. It seems to me that despite the hype and FOMO built around the participation and power and influence of these huge institutions, the price remains bearish until now.

[fruktik]

Its been years now but every time the news about ETF being approved resurface the price goes up a bit but after a few hours or after a day, price will go differ, its like someone is just bringing it up , to get some money, too bad for the people who bought on the short pump and for sure, they will sell it afterwards,

Does this still surprise you? Yes, this is just a banal game of speculators and nothing more. So the price jumps, like in a rally, and then returns to its previous course. This is a completely natural process. This happens almost always when at least some significant news comes out, which is a trigger. As practice shows, this is not enough for a full-fledged good movement. Much more serious facts are required, and today they are simply missing, as such.
The time has not yet come for a good dynamic and strong impulse trend, when the interest rates will be significant even for small deposits.

[michellee]

Its been years now but every time the news about ETF being approved resurface the price goes up a bit but after a few hours or after a day, price will go differ, its like someone is just bringing it up , to get some money, too bad for the people who bought on the short pump and for sure, they will sell it afterwards,

Does this still surprise you? Yes, this is just a banal game of speculators and nothing more. So the price jumps, like in a rally, and then returns to its previous course. This is a completely natural process. This happens almost always when at least some significant news comes out, which is a trigger. As practice shows, this is not enough for a full-fledged good movement. Much more serious facts are required, and today they are simply missing, as such.
The time has not yet come for a good dynamic and strong impulse trend, when the interest rates will be significant even for small deposits.

Yes, this is just like a game for people with power who can press the On/Off button easily and then the price will follow. But for sure, Bitcoin price will go towards $100k and if that doesn't happen by the end of the year or the beginning of the year to the middle of the year after the halving, maybe it will happen next year.

It's better not to think about when the price of Bitcoin will reach $100k because no one knows. It's better if we just focus on collecting Bitcoin so that when the bull run really comes and makes the price jump to the last ATH price, you are ready to sell your Bitcoin.

Maybe something big will happen that will make Bitcoin get its first rally to $50k and then jump to $75k and then a real rally will emerge. But I don't know, that's just speculation and we don't know whether it will happen or remains speculation.

[Aanuoluwatofunmi]

We have to think in both direction and not to face a single approach in looking into the situation ahead with ETF approval, how it's all about what if there's nothing to mark on the occasion of bitcoin ETF approval that the market price never increases but rather we keep having dump market situation, this could mean that bitcoin itself is not depending on centralized economy despite the news on them has a little way it affects the market demand and supply but aren't the major actor for the push in the bitcoin network and market price.

[fruktik]

Yes, this is just like a game for people with power who can press the On/Off button easily and then the price will follow. But for sure, Bitcoin price will go towards $100k and if that doesn't happen by the end of the year or the beginning of the year to the middle of the year after the halving, maybe it will happen next year.

It's better not to think about when the price of Bitcoin will reach $100k because no one knows. It's better if we just focus on collecting Bitcoin so that when the bull run really comes and makes the price jump to the last ATH price, you are ready to sell your Bitcoin.

Maybe something big will happen that will make Bitcoin get its first rally to $50k and then jump to $75k and then a real rally will emerge. But I don't know, that's just speculation and we don't know whether it will happen or remains speculation.

To be honest, I would really like to know what will trigger this growth. It would be desirable if I knew about such an event in advance. I would definitely find it useful, just like you))
What can we do today? just watch carefully what is happening in the crypto world. We definitely have no other levers of control and influence. You and I don’t have that kind of power, much less the authority to influence anything. We accept reality as it is and nothing more.

[mindrust]

$100k is a very conservative estimation I’d say. We should aim for a higher target now. When we pass through $100k in a flash. If we do another x10 and that’s not a distant possibility, the next ATH will be around $300k probably. Why sell at $100k when you can make a lot more than that? It will be a lot more rewarding if you can manage to watch t a little bit longer. And you know what? We don’t even need ETF’s to have that kind of price action. Halving itself will take care of it. Bitcoin don’t need the institutions or their fancy financial products, they need bitcoin. Bitcoin’s own price dynamics will take the price above $100k easily. No worries.

[Smack That Ace]

$100k is a very conservative estimation I’d say. We should aim for a higher target now. When we pass through $100k in a flash. If we do another x10 and that’s not a distant possibility, the next ATH will be around $300k probably. Why sell at $100k when you can make a lot more than that? It will be a lot more rewarding if you can manage to watch t a little bit longer. And you know what? We don’t even need ETF’s to have that kind of price action. Halving itself will take care of it. Bitcoin don’t need the institutions or their fancy financial products, they need bitcoin. Bitcoin’s own price dynamics will take the price above $100k easily. No worries.

There have been some predictions about bitcoin will reach $300k or $200k in the next bull season but many do not believe it will happen so far. We don't know if that will happen or not, but I see some analysis suggesting that the bull season will also coincide with a recovery cycle for the world economy. Therefore, the possibility of triggering a strong bull season is possible if everything goes according to that scenario.

In my view the ETF will also have a strong impact on the value of bitcoin, but yes, we don't need it for bitcoin to reach $100k as we are already close to that level as last season ATH was 69k dollars.