Will ETFs pump BTC to $100k soon?

[Latviand]

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

I don't know if that's OP meant but given that it's a question, I think OP isn't dealing with certainties here so it's safe to assume that OP is just asking questions whether bitcoin would benefit to the introduction of ETF, ETFs help in making bitcoin more accessible to more people which isn't bad although there's also the downside that people who invest in ETFs don't have a direct ownership of bitcoin. So in regards to how sure we are, it's still debatable.

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[lombok]

Responding to the OP's statement, if the Bitcoin ETF is accepted, BTC will experience a short pump and then stabilize or even drop in price again. ETFs will make BTC more accessible, especially in the stock market, and more people or traders will be able to trade BTC. Of course this is able to bring BTC to a price of $100,000 but not in the short term but in the long term.

Sorry, I have a question for other members regarding ETFs. Many ETFs have been proposed but until now none have been approved. Do you think there are still any shortcomings in the ETF proposed this time? Or will the ETF be different this time? please explain. What are the benchmarks that determine whether an ETF will be approved? it's still very vague here. What is the assembly waiting for and what is missing from the Bitcoin ETF until there is no ETF approved yet.

[Abiky]

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.

It could be "priced in" as you've said. But this is only a "wild guess", due to the crypto market's unpredictable nature. I'm certain there will be a lot of hype surrounding Bitcoin if spot ETFs are approved by the SEC. It could be a short-term opportunity for you to sell at a profit if you've bought BTC beforehand. Post-halving, I think prices will rise all the way to $100k and above. There's a lot of demand for BTC these days (both from institutional investors and mainstream governments themselves). Buying now would be the only way to secure low prices before the "pump". Who knows how long will it take before the "excitement" happens? Just my opinion

[TravelMug]

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.

It could be "priced in" as you've said. But this is only a "wild guess", due to the crypto market's unpredictable nature. I'm certain there will be a lot of hype surrounding Bitcoin if spot ETFs are approved by the SEC. It could be a short-term opportunity for you to sell at a profit if you've bought BTC beforehand. Post-halving, I think prices will rise all the way to $100k and above. There's a lot of demand for BTC these days (both from institutional investors and mainstream governments themselves). Buying now would be the only way to secure low prices before the "pump". Who knows how long will it take before the "excitement" happens? Just my opinion

I'm also would agree that if spot ETFs are going to be approved, even one, it will case a big splash in the market, and so institutional investors and retail investors will join hands again to push the price to another all time high next bull run.

So imagine if others would have been approved by SEC just in time in the bull run, and that's why the prediction of $100k could be seen next as conservative estimates and for sure there will be excitement and euphoria again, the feeling of another bull run and new all time high in the horizon.

[Tony116]

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.

It could be "priced in" as you've said. But this is only a "wild guess", due to the crypto market's unpredictable nature. I'm certain there will be a lot of hype surrounding Bitcoin if spot ETFs are approved by the SEC. It could be a short-term opportunity for you to sell at a profit if you've bought BTC beforehand. Post-halving, I think prices will rise all the way to $100k and above. There's a lot of demand for BTC these days (both from institutional investors and mainstream governments themselves). Buying now would be the only way to secure low prices before the "pump". Who knows how long will it take before the "excitement" happens? Just my opinion

I'm also would agree that if spot ETFs are going to be approved, even one, it will case a big splash in the market, and so institutional investors and retail investors will join hands again to push the price to another all time high next bull run.

So imagine if others would have been approved by SEC just in time in the bull run, and that's why the prediction of $100k could be seen next as conservative estimates and for sure there will be excitement and euphoria again, the feeling of another bull run and new all time high in the horizon.

Some ETFs have been rejected by the SEC and delayed until March 2024, which has fueled speculation that the approval of ETFs will coincide with the halving, which would create a bull run that never happened. Furthermore, if this hypothesis is true, it is clear that someone is deliberately delaying and manipulating the market, waiting for the right time to announce. Basically, the SEC cannot continuously reject and delay ETFs without good reason so approval is only a matter of time.

Many people believe that an ETF is nothing and will not affect the price of bitcoin. They should review the gold data when the gold ETF was approved and how strongly the gold price rose.

[Abiky]

Some ETFs have been rejected by the SEC and delayed until March 2024, which has fueled speculation that the approval of ETFs will coincide with the halving, which would create a bull run that never happened. Furthermore, if this hypothesis is true, it is clear that someone is deliberately delaying and manipulating the market, waiting for the right time to announce. Basically, the SEC cannot continuously reject and delay ETFs without good reason so approval is only a matter of time.

Many people believe that an ETF is nothing and will not affect the price of bitcoin. They should review the gold data when the gold ETF was approved and how strongly the gold price rose.

I don't get why the SEC keeps delaying ETFs, when companies are doing everything they can to comply with regulations. There may be hidden intentions behind such a decision. Maybe it's because the SEC hates Bitcoin (and crypto in general) so much? We can see how SEC Chairman Gary Gensler has been treating crypto exchanges with an "iron fist" lately. If he gets replaced, it's likely the US regulatory agency will give the "green light" for a spot ETF. There are so many investors who want to get into the action.

As it's said in the real world, "money talks". I think the SEC will eventually approve spot ETFs for Bitcoin because of its ever-rising popularity. Once that happens, market prices will be a lot higher than what they are right now. $100k may just be the "tip of the iceberg" as the best is yet to come. Who knows how close we are towards a new ATH? Just my thoughts

[gunhell16]

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.

The 170,000$ is really possible if the BTC ETF is approved by the US, and that will only happen if the US allows investors to buy and sell shares on traditional stock exchanges. Now, when it happens, surely the demand will increase, which will push to increase the price value of Bitcoin.

So in reality, if we look back at history, the US has mostly given rejection in that aspect when it comes to ETF approval. And even if that is approved, no one knows how far Bitcoin's ATH will go. But still, the important thing is that Bitcoin increased to our expected value during the bull run.

This is what we who believe in this matter expect, right?

[Tony116]

Some ETFs have been rejected by the SEC and delayed until March 2024, which has fueled speculation that the approval of ETFs will coincide with the halving, which would create a bull run that never happened. Furthermore, if this hypothesis is true, it is clear that someone is deliberately delaying and manipulating the market, waiting for the right time to announce. Basically, the SEC cannot continuously reject and delay ETFs without good reason so approval is only a matter of time.

Many people believe that an ETF is nothing and will not affect the price of bitcoin. They should review the gold data when the gold ETF was approved and how strongly the gold price rose.

I don't get why the SEC keeps delaying ETFs, when companies are doing everything they can to comply with regulations. There may be hidden intentions behind such a decision. Maybe it's because the SEC hates Bitcoin (and crypto in general) so much? We can see how SEC Chairman Gary Gensler has been treating crypto exchanges with an "iron fist" lately. If he gets replaced, it's likely the US regulatory agency will give the "green light" for a spot ETF. There are so many investors who want to get into the action.

As it's said in the real world, "money talks". I think the SEC will eventually approve spot ETFs for Bitcoin because of its ever-rising popularity. Once that happens, market prices will be a lot higher than what they are right now. $100k may just be the "tip of the iceberg" as the best is yet to come. Who knows how close we are towards a new ATH? Just my thoughts

The SEC does not hate cryptocurrencies but they have not yet succeeded in controlling the market, their goal is to become a regulatory agency and control the market legally so they will continuously attack us to achieve be targeted.
Regarding their acceptance of ETFs, I think it's just a matter of time and there needs to be an appropriate time to announce, such as bull season is a more appropriate time. I don't rule out the possibility that they themselves are trying to manipulate the market.

[Silberman]

I don't get why the SEC keeps delaying ETFs, when companies are doing everything they can to comply with regulations. There may be hidden intentions behind such a decision. Maybe it's because the SEC hates Bitcoin (and crypto in general) so much? We can see how SEC Chairman Gary Gensler has been treating crypto exchanges with an "iron fist" lately. If he gets replaced, it's likely the US regulatory agency will give the "green light" for a spot ETF. There are so many investors who want to get into the action.

As it's said in the real world, "money talks". I think the SEC will eventually approve spot ETFs for Bitcoin because of its ever-rising popularity. Once that happens, market prices will be a lot higher than what they are right now. $100k may just be the "tip of the iceberg" as the best is yet to come. Who knows how close we are towards a new ATH? Just my thoughts

They probably know ETFs are coming as there is no way this is not going to happen at some point on the future, but they want to delay it as much as possible until they feel they have enough control over this market, this is why they are going so strongly against exchanges now, and why most likely they will go against stable coins with the same intensity soon, also it seems to me they are worried the price of bitcoin may go up at such a fast speed, as bitcoin is considered to be a form of money opposite to fiat currencies, and if bitcoin becomes so expensive so fast this will bring down the image of fiat currencies even further.

[Abiky]

The SEC does not hate cryptocurrencies but they have not yet succeeded in controlling the market, their goal is to become a regulatory agency and control the market legally so they will continuously attack us to achieve be targeted.
Regarding their acceptance of ETFs, I think it's just a matter of time and there needs to be an appropriate time to announce, such as bull season is a more appropriate time. I don't rule out the possibility that they themselves are trying to manipulate the market.

Indeed. It should only be a matter of time before the SEC gives the "green light" for a Bitcoin ETF. After all, it wouldn't want to miss a huge opportunity to attract institutional investors into the "future of finance". The more investors get into the game, the more taxes the US government will be able to collect. Regulations are necessary to help legitimize the crypto industry. Without them, it would be the "wild west".

With "Wall Street" onboard, demand for BTC and other cryptocurrencies should be able to rise exponentially over time. $100k per BTC may only be the tip of the iceberg as the best is yet to come. Instead of "whining", people can take advantage of "cheap" market prices to build their own "empire" in the long run. The more BTC you "hodl", the higher your chances of getting rich will be. No one can predict the future, so lets hope for the best. Just my opinion

[dansus021]

One word is going be "HUGEEE" pump but the downside is Bitcoin will be taken by the majority of investment companies.

Today there are 233,016.7158 Total Bitcoin Holdings, $6,102,825,471 Total Value (USD), 1.19% Public Companies Bitcoin Dominance. according to https://www.coingecko.com/en/public-companies-bitcoin

If all Bitcoin ETFs get approved the number 1% could increase I dunno into 10-20% more since those companies like BlackRock had a huge asset.

[Minecache]

I don't get why the SEC keeps delaying ETFs, when companies are doing everything they can to comply with regulations. There may be hidden intentions behind such a decision. Maybe it's because the SEC hates Bitcoin (and crypto in general) so much? We can see how SEC Chairman Gary Gensler has been treating crypto exchanges with an "iron fist" lately. If he gets replaced, it's likely the US regulatory agency will give the "green light" for a spot ETF. There are so many investors who want to get into the action.

As it's said in the real world, "money talks". I think the SEC will eventually approve spot ETFs for Bitcoin because of its ever-rising popularity. Once that happens, market prices will be a lot higher than what they are right now. $100k may just be the "tip of the iceberg" as the best is yet to come. Who knows how close we are towards a new ATH? Just my thoughts

They probably know ETFs are coming as there is no way this is not going to happen at some point on the future, but they want to delay it as much as possible until they feel they have enough control over this market, this is why they are going so strongly against exchanges now, and why most likely they will go against stable coins with the same intensity soon, also it seems to me they are worried the price of bitcoin may go up at such a fast speed, as bitcoin is considered to be a form of money opposite to fiat currencies, and if bitcoin becomes so expensive so fast this will bring down the image of fiat currencies even further.

Exactly, if they accept ETFs, it will add credibility to bitcoin and people will rush to invest and use bitcoin, and will abandon fiat currencies or government bonds. I think that's what the SEC and the government are thinking about so they don't want to accept ETFs too quickly. I guess they will continue to find ridiculous reasons to find ways to delay the ETF as long as possible in order to find a solution to reduce losses on government bonds and fiat currencies once bitcoin ETF is approved.
Many are expecting ETFs to be approved in October but I believe they will all be delayed until next year.

[tygeade]

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.

ETF will definitely not be the reason at all, lol. We are already doing big bull runs without ETF so far, look at 2014, look at 2017 and look at the recent 2021, none of that had any ETF and all of them made the ATH become higher and higher.

The latest was 68k, which means that even a 50% increase from that would be nearing 100k anyway, and should be considered quite possible, I mean having just 50% higher ATH is nothing at all, normally it is much larger increase than that. I believe that we are going to end up with something that would be quite profitable to hold bitcoin until that period, and it will be 100k, and we do not need any ETF at all to have something like that, it should be normal and not a big deal.

[Abiky]

Exactly, if they accept ETFs, it will add credibility to bitcoin and people will rush to invest and use bitcoin, and will abandon fiat currencies or government bonds. I think that's what the SEC and the government are thinking about so they don't want to accept ETFs too quickly. I guess they will continue to find ridiculous reasons to find ways to delay the ETF as long as possible in order to find a solution to reduce losses on government bonds and fiat currencies once bitcoin ETF is approved.
Many are expecting ETFs to be approved in October but I believe they will all be delayed until next year.

Choosing a decentralized cryptocurrency over Fiat is something no government wants. I think the US government will end up tightening regulations for the crypto industry to prevent such scenario from happening in the future. The spot ETFs will continue to be delayed until the SEC feels "it's safe enough" to give the "green light". By the time a spot Bitcoin ETF is approved, the industry will be regulated "down to the bone". This shouldn't be a major cause of concern, especially if we want Bitcoin (or crypto in general) to be legitimized.

I'm certain market prices will rise to $100k sooner than later. But don't expect things to get better when centralization is still the "driving force" of the market. Who knows what the future holds for the cryptocurrency? Just my opinion

[Minecache]

Exactly, if they accept ETFs, it will add credibility to bitcoin and people will rush to invest and use bitcoin, and will abandon fiat currencies or government bonds. I think that's what the SEC and the government are thinking about so they don't want to accept ETFs too quickly. I guess they will continue to find ridiculous reasons to find ways to delay the ETF as long as possible in order to find a solution to reduce losses on government bonds and fiat currencies once bitcoin ETF is approved.
Many are expecting ETFs to be approved in October but I believe they will all be delayed until next year.

Choosing a decentralized cryptocurrency over Fiat is something no government wants. I think the US government will end up tightening regulations for the crypto industry to prevent such scenario from happening in the future. The spot ETFs will continue to be delayed until the SEC feels "it's safe enough" to give the "green light". By the time a spot Bitcoin ETF is approved, the industry will be regulated "down to the bone". This shouldn't be a major cause of concern, especially if we want Bitcoin (or crypto in general) to be legitimized.

I'm certain market prices will rise to $100k sooner than later. But don't expect things to get better when centralization is still the "driving force" of the market. Who knows what the future holds for the cryptocurrency? Just my opinion

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.

[Abiky]

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

[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.

[bangjoe]

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.

[STT]

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.

[KiaKia]

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.