Will ETFs pump BTC to $100k soon?

[fuguebtc]

Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets.

Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.

Couldn't agree more with you, mate. The market is being heavily-manipulated as we speak. Not only big investment companies are doing it, but also governments themselves (especially the US with the SEC). They want BTC to crash real hard to buy lots of coins at a discount. It's likely these entities are waiting for the BTC halving to occur, before "pumping" market prices all the way to the moon. If you're smart, you'd follow their footsteps by buying as much "cheap" BTC as possible. Sooner or later, Bitcoin will reach a price of $100k per coin. Even higher, if demand continues to soar at an unprecedented rate.

I think the real trigger for a bullish market will be the swift recovery of the global economy. Central banks like "The FED" and the "ECB" need to stop raising interest rates for everything to get back to normal. At least, a new normal since the Russia-Ukraine war and the COVID-19 pandemic are still an on-going crisis. Who knows what the future holds for Bitcoin? Just my opinion

Well there is a new player https://cointelegraph.com/news/crypto-biz-paypal-rolls-out-crypto-ramps-franklin-templeton-joins-btc-etf-race-and-more

So yeah, most likely there will be a reach as who will get the approval for a BTC Spot ETF and this could trigger the next bull run. I do agree about the interest rate and what is the US government is doing. Nevertheless, I do not think they have a huge impact in the next bull run.

Remember that we even have Covid-19 pandemic in 2021 and yet we did see new all time high. So most likely, it will be the race for a BTC Spot ETF that will likely be the catalyst for 2024-2025 run.

During the Covid pandemic, not only the cryptocurrency market but other financial markets also witnessed impressive gains and that happened because the government continuously printed money to save the economy.

You are wrong to underestimate the role of the government and the Fed in this financial game, they are the biggest influencers whether we accept it as truth or not. If the economy doesn't recover and interest rates don't fall, don't expect a bull season. Like what's happening now, when the economy is tough and people don't have money to invest, don't expect to trigger any bull markets. A bull market occurs when there is money flowing into the market, how do we have new money flowing in when the economy is in difficulty?

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[STT]

Soon is a four letter word, it should be classed as a swear word its misused so often.   Soon could be the other side 2025 I suppose, we dont know would be most accurate to say.  
  That leaves us with speculation and those events we do know, obviously halvening next year.   So my basic take would still despite hopes and dreams our trajectory and momentum in BTC price action is such that 2025 is a far more likely a landing spot for genuine transformative price gains in BTC and we dont know that occurs at all yet, maybe.

[Nrcewker]

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.

This will speed up the process to be honest. If these companies win, then definitely they will create lot of many opportunities in the Bitcoin ecosystem and it will hence lead to large scale promotion of Bitcoins. Now more people will be interested to join the Bitcoin community, and hence they will start buying the coins. This will increase the demand to acquire the coins. And as we know Bitcoins are limited in numbers, hence to balance the demand the price will go up. So yes it will indirectly help Bitcoins price go up.

[tygeade]

Looking at the total market capitalization of more than 1 trillion USD, while the assets that FTX holds are only a few billion USD. Honestly, even if they sold them all at once it wouldn't cause any serious problems but it seems like someone is taking advantage of this news to manipulate market sentiment quite well. Panic is prevailing even though there has not been any official announcement about the sale of FTX's assets.

Personally, I really appreciate ETFs, it will cause bitcoin prices to skyrocket because demand will also increase thanks to ETFs. But that's also what I'm concerned about, ETFs won't be approved anytime soon because the government doesn't want people to use bitcoin and give up their bonds or fiat.

Couldn't agree more with you, mate. The market is being heavily-manipulated as we speak. Not only big investment companies are doing it, but also governments themselves (especially the US with the SEC). They want BTC to crash real hard to buy lots of coins at a discount. It's likely these entities are waiting for the BTC halving to occur, before "pumping" market prices all the way to the moon. If you're smart, you'd follow their footsteps by buying as much "cheap" BTC as possible. Sooner or later, Bitcoin will reach a price of $100k per coin. Even higher, if demand continues to soar at an unprecedented rate.

I think the real trigger for a bullish market will be the swift recovery of the global economy. Central banks like "The FED" and the "ECB" need to stop raising interest rates for everything to get back to normal. At least, a new normal since the Russia-Ukraine war and the COVID-19 pandemic are still an on-going crisis. Who knows what the future holds for Bitcoin? Just my opinion

Well, it sort of makes sense for them to do something like this. This doesn't mean that we are going to do fine, it just means that we are going to end up being a little different in the end. This is why I believe that we need to reach to a point where it could change something in the end, and when it does that, it's going to be a good amount of changes in the end and should result with a different type of situation.

I believe that we are going to end up with a deal where it could be a bit more different, and I believe that we could end up with a deal where it could change things for the long term to reach 100k as well. Manipulation can't stop that, no matter what they do, we are going to get there without a doubt.

[Woodie]

If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"?

Of course they will and knowing very well most of these companies like to copy what the competition is doing this will give bitcoin more exposure and demand!

How would this positively affect BTC in the long term?

The fact that we have people who are worried about having good security measures that comes with owning bitcoin, with a Bitcoin ETF this removes that kind of risk and crypto enthusiasts will be more willing to invest in crypto without a problem as a third party will be responsible for all that.

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.

Without any of these ETFs and all, we did manage to push price up to $70k which still stands as current ATH...now imagine having to get an approved ETF in the US, this will be massive and if done before the halving then we shall break the $100k easily...

[khiholangkang]

If these large-scale investment companies join the "Bitcoin train", do you think market prices will "pump"?

Of course they will and knowing very well most of these companies like to copy what the competition is doing this will give bitcoin more exposure and demand!

How would this positively affect BTC in the long term?

The fact that we have people who are worried about having good security measures that comes with owning bitcoin, with a Bitcoin ETF this removes that kind of risk and crypto enthusiasts will be more willing to invest in crypto without a problem as a third party will be responsible for all that.

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.

Without any of these ETFs and all, we did manage to push price up to $70k which still stands as current ATH...now imagine having to get an approved ETF in the US, this will be massive and if done before the halving then we shall break the $100k easily...

In conclusion, bitcoin will gain interest from many people because of course those financial companies will trade their bitcoin ETFs to many media, and clearly they advertise to open media that is wider in scope, and as we see the effect today, many other financial management One by one, bitcoin ETF products are proposed for trading on their exchanges, theoretically and potentially this will increase market demand for spot bitcoin.

And from this effect we will also find many people adopting Bitcoin as their alternative asset to gain profits in the 4 year period, and this will also encourage positivity in the cryptocurrency industry in the future.

[goldkingcoiner]

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.

Yes, I think that ETFs are going to have a massive effect on Bitcoin, since the largest institutional investors are going to have the freedom to finally deal with cryptocurrency (in this case, Bitcoin) without having to worry about the government screwing them with weird regulations. ETFs are a way to invest in crypto while the ETFs themselves are not crypto. This is the upside-down logic that is supposedly, in the mind of the government, going to bring a new method of regulation over Bitcoin. Somehow.

SEC seems to finally understand the unregulatable, decentralized nature of most cryptocurrencies. Which is why they are fighting back so hard. They know that ETFs are just a backdoor towards supporting the legal legitimacy of Bitcoin as an investment.

The old generation that is not yet invested in Bitcoin, due to being stubborn in their old investment types, will be investing soon.

Banks are investing in large amounts of copium right now.

[serjent05]

If these ETF bring so much hype that it triggers FOMO then it is highly possible to pump BTC to $100k  but if it fails even with the demand created by ETF, I do no think it will pump BTC to $100k.  I think there is a need of synchronization of all the hype to be able to trigger FOMO.  If the activities is from ETFs alone and is not supplemented by other investors and traders then we might only see some kind of Bitcoin price uptrend but won't be enough to bring the Bitcoin price to  $100k  a piece in the market.

[Alpha Marine]

It is quite possible that this will happen, only I think that all this should happen in 2024 - 2025, I also mean Black Rock, and this will be possible not only due to the approval of the ETF, I assume that at some point, regarding bitcoin, there will be a lot of positive news coming, this will mark the beginning of the bull market and then bitcoin will reach 100k and possibly even exceed this price.

If Bitcoin will get to a hundred thousand dollars by 2024 -2025 I don't think ETF would be the reason.
If Bitcoin price spikes up before the next halving then ETF might be the reason but I doubt that. It might take the price higher a little bit not not as high as a new all-time high. A very significant bull run might be all it would do

What I'm looking forward to is the next halving, that's why I believe Bitcoin might get to $100k after the halving. I have my reservations about that though but if I bring overly optimistic that's my prediction.

[LogitechMouse]

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.

When Gold has it's first Spot ETF, it's price shoot up from I think around $400, to as high as $2000. Correct me if I'm wrong with the numbers, but the point is that the price of Bitcoin increased significantly as the ETF has been released.

Will the same happen with Bitcoin? I think it will be. Markets are heavily driven by the sentiments of the investors whether it is the Stock Market, or the crypto market, and many investors sees an acceptance of the first Spot Bitcoin ETF as a positive news, and knowing that it's Grayscale, and currently Blackrock who's applying for it, if both gets accepted, I believe Bitcoin will shoot up like what happened with Gold decades ago.

Price-wise, it will have a positive effect towards Bitcoin. Will it reach 6-digit price if an ETF gets accepted? Yes it will. I believe this is the catalyst that we are waiting in order for the bull run to start a few years from now. An acceptance of a Spot Bitcoin ETF especially from a company like Blackrock will have a domino effect towards other institutions and therefore, it will make it's price even higher. Well, this is what I believe, but it's not 100% sure that it will happen though.

[DVlog]

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 assume by cryptocurrency you mean bitcoin?

It is quite possible that this will happen, only I think that all this should happen in 2024 - 2025, I also mean Black Rock, and this will be possible not only due to the approval of the ETF, I assume that at some point, regarding bitcoin, there will be a lot of positive news coming, this will mark the beginning of the bull market and then bitcoin will reach 100k and possibly even exceed this price.

Since the beginning of the year, even without "big" news, bitcoin has been able to rise from 16k to 30k, so if anything significant, like the ETF be able to have an even more significant impact.

We should have set a realistic price prediction in mind. Don't expect the same return from bitcoin this time by observing the historical return of investment. There are lots of extremely wealthy whales in the bitcoin market, and bitcoins rising from 16k to 30k without any positive news shows this market is manipulated by them. ETF is positive news, but there will be other factors as well that will lead to the next bull run.

[coolcoinz]

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.

When Gold has it's first Spot ETF, it's price shoot up from I think around $400, to as high as $2000. Correct me if I'm wrong with the numbers, but the point is that the price of Bitcoin increased significantly as the ETF has been released.

Will the same happen with Bitcoin? I think it will be. Markets are heavily driven by the sentiments of the investors whether it is the Stock Market, or the crypto market, and many investors sees an acceptance of the first Spot Bitcoin ETF as a positive news, and knowing that it's Grayscale, and currently Blackrock who's applying for it, if both gets accepted, I believe Bitcoin will shoot up like what happened with Gold decades ago.

Price-wise, it will have a positive effect towards Bitcoin. Will it reach 6-digit price if an ETF gets accepted? Yes it will. I believe this is the catalyst that we are waiting in order for the bull run to start a few years from now. An acceptance of a Spot Bitcoin ETF especially from a company like Blackrock will have a domino effect towards other institutions and therefore, it will make it's price even higher. Well, this is what I believe, but it's not 100% sure that it will happen though.

The problem with bitcoin is that there are forces working against it, mainly political. There are people who just don't want people to hold their own money in their pockets and these are the same people who blocked people's accounts in Canada and the same people that want to introduce CBDCs. For this reason an ETF on bitcoin may not have the same impact as a gold ETF had on the price of gold.

Bitcoin is still going to move up when it happens, but be ready for a lot of FUD spread by its enemies. The enemies that paid for that greenpeace smear campaign, and others.

[GeorgeJohn]

How we sure that ETF will trigger the acceleration of value and if it should trigger the acceleration of value or price, It will be in small fraction not as many people expected that the price of bitcoin will skyrocket beyond the normal circulation or rotation and stagnant price of bitcoin. All what we saying here is assumption, speculation or prediction because nobody is hundred of fifty percent sure of the ETF making bitcoin to have price acceleration that is difference from the normal slow of bitcoin increment in value

[goaldigger]

How we sure that ETF will trigger the acceleration of value and if it should trigger the acceleration of value or price, It will be in small fraction not as many people expected that the price of bitcoin will skyrocket beyond the normal circulation or rotation and stagnant price of bitcoin. All what we saying here is assumption, speculation or prediction because nobody is hundred of fifty percent sure of the ETF making bitcoin to have price acceleration that is difference from the normal slow of bitcoin increment in value

If many will create a hype over this update, then we can have that pump but for sure it will not be as big as we wanted to. There’s a lot of rumors already with ETF before and yet we are still on this level, so better not to expect that much and just look at the market realistically. If you are going to look at BTC price right now, you’ll realize that $100k is still far from reality and there’s a lot of resistances that needs to break first.

[aoluain]

If and when a Bitcoin spot ETF gets approved for Blackrock for example the markets
will react to this, there will probably be a drop in price in the short term because of >>>
"buy the hype, sell the news"

but medium term the price will increase. A spot ETF means that any of Blackrocks clients
who want to buy the Bitcoin ETF then Blackrock have to actually hold that amount. This could
result in a supply v's demand issue.

Also just to remind all, Blackrock is the worlds largest investment company.

[GreatArkansas]

If and when a Bitcoin spot ETF gets approved for Blackrock for example the markets
will react to this, there will probably be a drop in price in the short term because of >>>
"buy the hype, sell the news"
(....)

For sure yes, but after that everything will start to cool off. I believe it will start to pump. Just check out what happened with Gold when ETF started, the price of gold just started to pump.
ETF is extremely big thing for Bitcoin right now, it is most awaited event right now and a lot of people are expecting it.

[aoluain]

If and when a Bitcoin spot ETF gets approved for Blackrock for example the markets
will react to this, there will probably be a drop in price in the short term because of >>>
"buy the hype, sell the news"
(....)

For sure yes, but after that everything will start to cool off. I believe it will start to pump. Just check out what happened with Gold when ETF started, the price of gold just started to pump.
ETF is extremely big thing for Bitcoin right now, it is most awaited event right now and a lot of people are expecting it.

Yes there is quite a big buzz around this but I think its primarily because of Blackrock
being involved and the recent court case won by Grayscale against the SEC also increases
the excitement around this.

There are a lot of predictions and lots of speculation around this but the general feeling
certainly among Bitcoiners is that its going to be big especially as we get nearer the halving,
if there is no decision this year and it gets approved early next year, those two events aligning
together will be massive.

$100k for sure

[virasog]

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.

This will speed up the process to be honest. If these companies win, then definitely they will create lot of many opportunities in the Bitcoin ecosystem and it will hence lead to large scale promotion of Bitcoins. Now more people will be interested to join the Bitcoin community, and hence they will start buying the coins. This will increase the demand to acquire the coins. And as we know Bitcoins are limited in numbers, hence to balance the demand the price will go up. So yes it will indirectly help Bitcoins price go up.

In the long run, the bitcoin price will go high due to the ETF approvals but i do not know how the price will play its part in the short run. There can be hype of bitcoin ETF and the price may rise very high but as soon as the ETF is approved, the price can dump for a short period of time. I am saying this because of my previous analysis when the price keeps on rising near any major event and starts to dump on or near the event.

However due to the nature of this event, as a lot of investments will come into bitcoin, the price may never dump at all and keep rising.

[Abiky]

During the Covid pandemic, not only the cryptocurrency market but other financial markets also witnessed impressive gains and that happened because the government continuously printed money to save the economy.

You are wrong to underestimate the role of the government and the Fed in this financial game, they are the biggest influencers whether we accept it as truth or not. If the economy doesn't recover and interest rates don't fall, don't expect a bull season. Like what's happening now, when the economy is tough and people don't have money to invest, don't expect to trigger any bull markets. A bull market occurs when there is money flowing into the market, how do we have new money flowing in when the economy is in difficulty?

The FED and the US government are a "force to reckon with". They dictate the rules of the global economy with their actions. After all, the USD is still the reserve currency of the world. The increasing interest rates from "The FED", will keep markets in the low for a short period of time. I'm surprised to see how the crypto market has fared better than other markets during these uncertain times. Major investment companies (BlackRock, Fidelity) are already showing interest by going all into Bitcoin. Therefore, it should only be a matter of time before BTC experiences a new ATH.

The real question is "when". If spot ETFs are approved by the time the block reward halving takes place, market prices will "pump" at a very fast pace. No one can predict the future, so lets hope for the best. Just my opinion

[EarnOnVictor]

ETF will do little or nothing to make Bitcoin price appreciate, it's regular market stuff that is being hyped for crypto, and it will come and go with a slight effect when they eventually approve it. Bitcoin has already been inculcated into the mainstream of the financial market and it's now well-capitalised, and the capital will continue to grow with time. By this, you should know that the ETF is just an added plus, not the mains, it won't matter so much. Only that the market tends to temporarily dance to the psychology of people about an event, which is why you see it move when such ETF news is out.

I've witnessed many of such hyped developments in the past, the effect wouldn't be sizable anymore when eventually approved and it might cause a little rise but will subside without achieving an added $5,000, not to talk of making it hit the ATH or your $100K.