Kakmakr (OP)
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October 22, 2023, 11:51:24 AM Last edit: October 24, 2023, 05:28:09 AM by Kakmakr |
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Bitcoin spot ETF launch could drive $155 billion in fresh money into BTC market " A researcher has predicted up to $155 billion in fresh money injection into the BTC market should the US Securities and Exchange Commission (SEC) approve the launch of a spot BTC ETF. In his opinion, the capital inflow would signify a new wave of institutional adoption in the flagship crypto’s market. " " Setting the timeframe for March 2024 at, the latest, the researcher says the probability of approval continues to increase as time goes by, with the Grayscale and Ripple (XRP) court wins in their respective legal battles providing strong hindwings." I think we are in for a good ride, if Grayscale can pull this off.... so make sure you are buying some cheap coins... before this happens. The recovery of the Bitcoin price to above $30 000 ..is a good sign and the Halving is around the corner. Edited : Fck... forgot to post the source. Hope this was the correct one ==> https://www.fxstreet.com/cryptocurrencies/news/bitcoin-spot-etf-launch-could-drive-155-billion-in-fresh-money-into-btc-market-researcher-says-202310210546
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Each block is stacked on top of the previous one. Adding another block to the top makes all lower blocks more difficult to remove: there is more "weight" above each block. A transaction in a block 6 blocks deep (6 confirmations) will be very difficult to remove.
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Lucius
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October 22, 2023, 01:31:42 PM |
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Only $155 billion of all those trillions that have been talked about for years? Did that researcher write what that means for the price or do we have to guess? The source of the news would be desirable, unless it is some confidential information that you have received personally
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. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
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stompix
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October 22, 2023, 01:41:20 PM Last edit: October 22, 2023, 01:55:08 PM by stompix |
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The source of the news would be desirable, unless it is some confidential information that you have received personally https://www.fxstreet.com/cryptocurrencies/news/bitcoin-spot-etf-launch-could-drive-155-billion-in-fresh-money-into-btc-market-researcher-says-202310210546The researcher is CryptoQuant, so you're basically asking Aramco how high oil price will be and how much the demand for it will grow! https://twitter.com/ki_young_ju/status/1715171098302566615Oh, also, he's the author of this research: $BTC accumulation phase begins. Newbies who joined last year are evolving to long-term holders. The market cap for 6-month+ old BTC takes 52% now. It was 13% at the cyclic top. Unlikely to hit the previous low($28k) as the newbies will wait for other newbies in the next cycle. Note that the price was 42k when the "accumulation" started by their research.
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Lucius
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October 23, 2023, 10:24:49 AM |
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I found the source, but I was wondering why the OP didn't mention it - so although I assume he forgot, when I see who is involved in journalism today, maybe sometimes it makes sense to hide the sources and attribute everything to "unknown author".
I assume that in the next months we will be waiting for a bunch of reports from various "researchers" who will try to hit the target, considering the price of BTC, everything smells of a new FOMO.
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. .BLACKJACK ♠ FUN. | | | ███▄██████ ██████████████▀ ████████████ █████████████████ ████████████████▄▄ ░█████████████▀░▀▀ ██████████████████ ░██████████████ █████████████████▄ ░██████████████▀ ████████████ ███████████████░██ ██████████ | | CRYPTO CASINO & SPORTS BETTING | | │ | | │ | ▄▄███████▄▄ ▄███████████████▄ ███████████████████ █████████████████████ ███████████████████████ █████████████████████████ █████████████████████████ █████████████████████████ ███████████████████████ █████████████████████ ███████████████████ ▀███████████████▀ ███████████████████ | | .
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Kakmakr (OP)
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October 24, 2023, 05:33:09 AM |
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I found the source, but I was wondering why the OP didn't mention it - so although I assume he forgot, when I see who is involved in journalism today, maybe sometimes it makes sense to hide the sources and attribute everything to "unknown author".
I assume that in the next months we will be waiting for a bunch of reports from various "researchers" who will try to hit the target, considering the price of BTC, everything smells of a new FOMO.
Thank you for pointing out that I missed the source to the information. I was just Googling the latest news and I saw a article on the influence that the approval of the ETF might have on the future price and I posted it. Thank you #stompix for filling in the gap there.. much appreciated. I edited the post and added the source. (looks like the one I found with Google)
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cr1776
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October 26, 2023, 01:58:11 PM |
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Only $155 billion of all those trillions that have been talked about for years? Did that researcher write what that means for the price or do we have to guess? The source of the news would be desirable, unless it is some confidential information that you have received personally The combination of an ETF (if approved) and the halving, may be a huge catalyst. Since prices are set at the margin and new supply is dropping quite quickly the impact of even $155 billion would be huge. With around 900 bitcoins per day going to 450, that amount of "new" money will have an outside impact. :-)
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Kryptowerk
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Disobey.
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October 31, 2023, 01:23:23 AM |
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Only $155 billion of all those trillions that have been talked about for years? Did that researcher write what that means for the price or do we have to guess? The source of the news would be desirable, unless it is some confidential information that you have received personally The combination of an ETF (if approved) and the halving, may be a huge catalyst. Since prices are set at the margin and new supply is dropping quite quickly the impact of even $155 billion would be huge. With around 900 bitcoins per day going to 450, that amount of "new" money will have an outside impact. :-) Exactly my thoughts. Juicy times ahead (well, most likely). Unless we face one or more black-swan events within the next 12 months or so, mid-end of 2024 could become very exciting for Bitcoin. Fingers crossed. Also, if this ETF is approved it could have a cascading effect for more ETFs and big-corp money flowing into the market. Lot of ifs, though, lets see... It will come eventually, question is more of a when than if.
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Kakmakr (OP)
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November 01, 2023, 07:09:42 AM |
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I think it is going to happen soon, with all the military conflicts happening all over the world and investors looking for investment options that has a store of value. I also think the US Securities and Exchange Commission (SEC) are running out of excuses not to approve this and the submissions that are done are covering all the legal requirements for a approval. The only reason why it might not be approved, is if there are some political influence not supporting this. This is not a pseudo anonymous financial instrument, we are talking 100% regulated and centralized control and 100% KYC requirements.
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cr1776
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November 06, 2023, 07:39:24 PM |
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I think it is going to happen soon, with all the military conflicts happening all over the world and investors looking for investment options that has a store of value. I also think the US Securities and Exchange Commission (SEC) are running out of excuses not to approve this and the submissions that are done are covering all the legal requirements for a approval. The only reason why it might not be approved, is if there are some political influence not supporting this. This is not a pseudo anonymous financial instrument, we are talking 100% regulated and centralized control and 100% KYC requirements. Investors all over need to think about protecting themselves from inflation and authoritarians. The combination will rob people of their wealth even if it is "only" 2-5% per year. Global chaos and rampant printing money to fund insane schemes and military conflicts would only make it worse. PMs and bitcoin are two way to help protect oneself. And ETF holding "physical" bitcoin vs futures will make it easy for a lot of people to protect some of their money. Even if on average they only choose to protect a few percent, the numbers are huge.
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