GreatArkansas (OP)
Legendary
Offline
Activity: 2436
Merit: 1373
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 09, 2023, 11:18:04 PM |
|
ETF has been trending lately, it's because of Bitcoin which has a lot of rumors about Bitcoin ETF approval, and most of the final deadlines of Bitcoin ETFs are next year. Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing. Do you think Ethereum will be approved first before Bitcoin? Or Bitcoin first then Ethereum? And do you think after Ethereum is approved on their ETF, any other altcoins will follow too? https://listingcenter.nasdaq.com/rulebook/NASDAQ/rulefilings![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgflip.com%2F85iph4.jpg&t=665&c=Pq_Nnqnba4DI_w) ![](https://ip.bitcointalk.org/?u=https%3A%2F%2Fi.imgflip.com%2F85ip48.jpg&t=665&c=zX5CyLbWLpBp1w)
|
█████████████████████████ ████████▀▀████▀▀█▀▀██████ █████▀████▄▄▄▄██████▀████ ███▀███▄████████▄████▀███ ██▀███████████████████▀██ █████████████████████████ █████████████████████████ █████████████████████████ ██▄███████████████▀▀▄▄███ ███▄███▀████████▀███▄████ █████▄████▀▀▀▀████▄██████ ████████▄▄████▄▄█████████ █████████████████████████ | BitList | | █▀▀▀▀ █ █ █ █ █ █ █ █ █ █ █ █▄▄▄▄ | ▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀▀ . REAL-TIME DATA TRACKING CURATED BY THE COMMUNITY . ▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄▄ | ▀▀▀▀█ █ █ █ █ █ █ █ █ █ █ █ ▄▄▄▄█ | | List #kycfree Websites |
|
|
|
Cryptoababe
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 891
Merit: 19
Do it For Better Humanity (Bitget trader)
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 09, 2023, 11:34:49 PM |
|
I think Bitcoin will be approved first. Because it was filed first and there is high probability that's its gonna get approved. The next ETF filing might be Solana because its also strong and backed by big organisation like Google cloud and some other big companies.
|
|
|
|
mich
Legendary
Offline
Activity: 3262
Merit: 1033
#1 VIP Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 06:00:19 AM |
|
And they said it can be approved as soon as a few months in January. I think there is going to be alot of people surprised if Ethereum gets approved before Bitcoin does. This maybe is not a bad time to stack some eth.
|
|
|
|
Silberman
Legendary
Offline
Activity: 2632
Merit: 1360
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 08:03:52 AM |
|
ETF has been trending lately, it's because of Bitcoin which has a lot of rumors about Bitcoin ETF approval, and most of the final deadlines of Bitcoin ETFs are next year.
Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing.
Do you think Ethereum will be approved first before Bitcoin? Or Bitcoin first then Ethereum?
And do you think after Ethereum is approved on their ETF, any other altcoins will follow too?
At this point everything is on the hands of the regulators but I would be surprised if an ETH ETF was approved first, as we have seen many attempts to get one for bitcoin approved and it will be kind of weird that this happened for ETH instead, however the possibility is there and it could happen, and regarding other altcoins getting ETFs that seems unlikely at the moment as even if there are other good projects, they are very far away from ETH and its influence over the altcoin market.
|
|
|
|
Publictalk792
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 09:18:22 AM |
|
It is true that ETFs have been a hot topic recently particularly due to the speculation surrounding Bitcoin ETF approval. it is difficult to say which Ethereum or Bitcoin will be approved first. If Ethereum get approved for an ETF it could potential for Ethereum value. The approval of Ethereum's ETF could serve as a positive precedent for other altcoins too. But thing is that the approval order of ETFs for Ethereum and Bitcoin are pending and it is difficult to predict which will come first.
|
| . Duelbits | │ | | │ | ▄▄█▄▄░░▄▄█▄▄░░▄▄█▄▄ ███░░░░███░░░░███ ▀░░░▀░░▀░░░▀░░▀░░░▀ ▄░░░░░░░░░░░░ ▀██████████ ░░░░░███░░░░▀ ░░█░░░███▄█░░░█ ░░██▌░░███░▀░░██▌ ░█░██░░███░░░█░██ ░█▀▀▀█▌░███░░█▀▀▀█▌ ▄█▄░░░██▄███▄█▄░░▄██▄ ▄███▄ ░░░░▀██▄▀ | . REGIONAL SPONSOR | | ███▀██▀███▀█▀▀▀▀██▀▀▀██ ██░▀░██░█░███░▀██░███▄█ █▄███▄██▄████▄████▄▄▄██ ██▀ ▀███▀▀░▀██▀▀▀██████ ███▄███░▄▀██████▀█▀█▀▀█ ████▀▀██▄▀█████▄█▀███▄█ ███▄▄▄████████▄█▄▀█████ ███▀▀▀████████████▄▀███ ███▄░▄█▀▀▀██████▀▀▀▄███ ███████▄██▄▌████▀▀█████ ▀██▄███▀██▄█▄▄▄██▄████▀ ▀▀██████████▄▄███▀▀ ▀▀▀▀█▀▀▀▀ | . EUROPEAN BETTING PARTNER | |
|
|
|
Dave1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 09:56:18 AM |
|
Same here, I think Bitcoin will have the first Spot ETF approval than Ethereum. I think it's because that it will be the trend setter, I mean Bitcoin is considered the mother of all crypto so it should be obviously the first one to get the approval from the SEC.
Besides, there are also a lot of big entities filing for it, not just BlackRock (although it is the biggest so far).
But I do believed that SEC will approved Bitcoin first before any cryptocurrencies, even Ethereum.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
cryptoaddictchie
Legendary
Offline
Activity: 2198
Merit: 1323
Fully Regulated Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 12:59:17 PM |
|
Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing.
Do you think Ethereum will be approved first before Bitcoin? Or Bitcoin first then Ethereum?
Yes even ethereum got pumped a lot today with this news. I think it will be bitcoin that will be approved first as this one has been months of waiting, we can say that SEC will likely prioritize a longer application from it considering it is also the first crypto that has been doing the application. But it is also good if eth got approved.
|
|
|
|
DapanasFruit
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1218
Merit: 49
Binance #Smart World Global Token
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 01:18:03 PM |
|
I think Bitcoin will be approved first. Because it was filed first and there is high probability that's its gonna get approved. The next ETF filing might be Solana because its also strong and backed by big organisation like Google cloud and some other big companies.
I believe the same thing and it is because of that court order that SEC has to follow barring any other reasons that SEC might use to delay implementing what BlockRock won in court. Plus it seems that SEC is more friendly to Bitcoin these days. there are saying that the final approval of BTC ETF can come in January so it can be a big welcome gift on 2024 just in time for the halving. Now, on the other hand, there is also a big chance that eventually ETF for Ethereum can be approved but this might be taking some time considering the environment that SEC has now under Gary Gensler.
|
|
|
|
Ben Barubal
Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 532
Merit: 17
Eloncoin.org - Mars, here we come!
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 02:54:07 PM |
|
Recently, as far as I know, there were surveys on CoinShare where only 25% of the respondents got the Bitcoin ETF, while ETH got 75% of the respondents that it would approve of the ETF.
So this Ethereum ETF filing is a pretty significant development in the crypto world. So Blackrock's entry into ETH could provide new investment and legitimacy for the asset. And of course, the implication of the Blackrock ETH filing in the ETF is to increase its institutional adoption and liquidity as well.
|
|
|
|
DeathAngel
Legendary
Offline
Activity: 3234
Merit: 1613
#1 VIP Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 03:22:05 PM |
|
Bitcoin will be approved first, almost certainly. They are not going to get an Ethereum one confirmed before the ultimate, most well known cryptocurrency. What this tells me though is that the bitcoin one must almost certainly be expected to be approved. Blackrock, as the largest asset manager in the world, does not do failure. They must have had encouragement from the SEC regarding the bitcoin ETF so have pushed ahead with an Ethereum ETF application. Exciting times lay ahead I think.
|
|
|
|
Sophokles
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 03:56:44 PM |
|
Same here, I think Bitcoin will have the first Spot ETF approval than Ethereum. I think it's because that it will be the trend setter, I mean Bitcoin is considered the mother of all crypto so it should be obviously the first one to get the approval from the SEC.
Besides, there are also a lot of big entities filing for it, not just BlackRock (although it is the biggest so far).
But I do believed that SEC will approved Bitcoin first before any cryptocurrencies, even Ethereum.
Gary gensler will be more strict about letting the ETH ETF be approved though he already said in one of these statements that ETH is a commodity. It won't be easy for the ETH community but it is true that if the bitcoin ETF gets approved ETH will be as well eventually. There are other big asset managers who filled out the ETH ETF as well but the community is more focused on Blackrock's ETF approval because they think BlackRock has influence over the whitehouse and it is a green light for the whole industry if their ETF gets approved. This is positive news but we should not be overly excited as the market will not go straight upward.
|
|
|
|
batang_bitcoin
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 10, 2023, 07:41:17 PM |
|
From BlackRock? Most likely that it's gonna be approved. But is it just me what if these are just like gimmicks of the institutions when they've filed for ETF because they know that the market will obliged to follow these news and will result to an increase trend and demand for specific cryptos which we've seen with BTC and ETH. I was only thinking about that but I know that these are for real and the institutions such as BlackRock are already for Bitcoin and ETH. I just want to see on who's going to be approved first but it is most likely to be Bitcoin since the filing came first from it.
|
Rent this sig space so that BTC goes to $100k.
|
|
|
Dave1
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 11, 2023, 08:57:55 PM |
|
Same here, I think Bitcoin will have the first Spot ETF approval than Ethereum. I think it's because that it will be the trend setter, I mean Bitcoin is considered the mother of all crypto so it should be obviously the first one to get the approval from the SEC.
Besides, there are also a lot of big entities filing for it, not just BlackRock (although it is the biggest so far).
But I do believed that SEC will approved Bitcoin first before any cryptocurrencies, even Ethereum.
Gary gensler will be more strict about letting the ETH ETF be approved though he already said in one of these statements that ETH is a commodity. It won't be easy for the ETH community but it is true that if the bitcoin ETF gets approved ETH will be as well eventually. There are other big asset managers who filled out the ETH ETF as well but the community is more focused on Blackrock's ETF approval because they think BlackRock has influence over the whitehouse and it is a green light for the whole industry if their ETF gets approved. This is positive news but we should not be overly excited as the market will not go straight upward. That's why I'm trying to say, BlackRock is not just a ordinary company, it's a trillion asset hedge fund and with that kind of money, we all know that they can have influence on the Whitehouse itself or even some of the Congress. So this is just a moot point for Bitcoin, I'm seeing it as being approved for next year because SEC cannot say no to this big entities. But for ETH, it might be a bumpy road for it as SEC somewhat tag them as commodity, but if I'm not mistaken, they have change their stance.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
mich
Legendary
Offline
Activity: 3262
Merit: 1033
#1 VIP Crypto Casino
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2023, 05:38:19 AM |
|
Investor Anthony Pompliano was on tv 2 days ago talking about Blackrock filing for Ethereum ETF. And he also says 'Bitcoin will fly in 2024'. https://www.youtube.com/watch?v=qLwUpw4sQcM
|
|
|
|
Sayeds56
Copper Member
Hero Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 1414
Merit: 734
stead.builders
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2023, 06:31:17 AM |
|
ETF has been trending lately, it's because of Bitcoin which has a lot of rumors about Bitcoin ETF approval, and most of the final deadlines of Bitcoin ETFs are next year. Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing. Do you think Ethereum will be approved first before Bitcoin? Or Bitcoin first then Ethereum? And do you think after Ethereum is approved on their ETF, any other altcoins will follow too? https://listingcenter.nasdaq.com/rulebook/NASDAQ/rulefilingsThis news has ignited new wave of excitement in cryptocurrencies market. Ethereum price surged to above $2100 and all protocols on Ethereum network are showing price increase to the extent of 10-15%. There is speculation in the market that Ethereum can potentially soar to $3000 or even more once formal improved of Ethereum is obtained by BlackRock.
|
|
|
|
Abiky
Legendary
Offline
Activity: 3318
Merit: 1389
www.Crypto.Games: Multiple coins, multiple games
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2023, 10:50:16 AM |
|
ETF has been trending lately, it's because of Bitcoin which has a lot of rumors about Bitcoin ETF approval, and most of the final deadlines of Bitcoin ETFs are next year. Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing. Do you think Ethereum will be approved first before Bitcoin? Or Bitcoin first then Ethereum? And do you think after Ethereum is approved on their ETF, any other altcoins will follow too? https://listingcenter.nasdaq.com/rulebook/NASDAQ/rulefilingsExciting times ahead. There's a lot of demand/interest from these big investment companies. It seems that Blackrock is getting deeper into the crypto craze. Other companies will follow if they see the SEC approving Blackrock's spot ETFs for both Bitcoin and Ethereum. I think a Bitcoin ETF will be the first thing to be approved, since BTC is the main cryptocurrency of interest. ETH is going to have to wait a little longer. If both ETFs are approved, we should expect a massive bull run for the aforementioned cryptocurrencies. It's likely BTC will reach $100k, while ETH goes all the way to $10k per coin. This is all speculation, of course. No one can tell exactly where market prices will go. Yet, increased institutional demand/interest is a sign that crypto/Blockchain tech won't be going anywhere soon. We're still early adopters of the revolution, so hold on tight as this is going to be a wild ride. ![Cheesy](https://bitcointalk.org/Smileys/default/cheesy.gif)
|
|
|
|
fzkto
Sr. Member
![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif) ![*](https://bitcointalk.org/Themes/custom1/images/star.gif)
Offline
Activity: 2282
Merit: 439
Cashback 15%
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2023, 03:56:48 PM |
|
ETF has been trending lately, it's because of Bitcoin which has a lot of rumors about Bitcoin ETF approval, and most of the final deadlines of Bitcoin ETFs are next year. Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing. Do you think Ethereum will be approved first before Bitcoin? Or Bitcoin first then Ethereum? And do you think after Ethereum is approved on their ETF, any other altcoins will follow too? https://listingcenter.nasdaq.com/rulebook/NASDAQ/rulefilingsThis news has ignited new wave of excitement in cryptocurrencies market. Ethereum price surged to above $2100 and all protocols on Ethereum network are showing price increase to the extent of 10-15%. There is speculation in the market that Ethereum can potentially soar to $3000 or even more once formal improved of Ethereum is obtained by BlackRock. I think that $3k is not much for eth now. Especially since the hype around the etf will only get stronger. But until the etf is approved for bitcoin, it is too early to talk about possible developments for eth. I think we are seeing a local altseason so far and that's already good.
|
|
|
|
electronicash
Legendary
Offline
Activity: 3192
Merit: 1054
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2023, 04:22:05 PM |
|
ETF has been trending lately, it's because of Bitcoin which has a lot of rumors about Bitcoin ETF approval, and most of the final deadlines of Bitcoin ETFs are next year. Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing. Do you think Ethereum will be approved first before Bitcoin? Or Bitcoin first then Ethereum? And do you think after Ethereum is approved on their ETF, any other altcoins will follow too? https://listingcenter.nasdaq.com/rulebook/NASDAQ/rulefilingsThis news has ignited new wave of excitement in cryptocurrencies market. Ethereum price surged to above $2100 and all protocols on Ethereum network are showing price increase to the extent of 10-15%. There is speculation in the market that Ethereum can potentially soar to $3000 or even more once formal improved of Ethereum is obtained by BlackRock. I think that $3k is not much for eth now. Especially since the hype around the etf will only get stronger. But until the etf is approved for bitcoin, it is too early to talk about possible developments for eth. I think we are seeing a local altseason so far and that's already good. there were predictions that ETH would go $25k once approved. the adoption is really arriving in 2024. it only needs ETH ETF to kickstart this altcoin season to full steam. even now, SOL is outranking competitors and reached almost $60 at this very early phase. ETH ETF will be approved after all it's the Blackrock that is applying for it. it's not just someone. Blackrock is wallstreet and if SEC Gensler was already grilled this time while the approval will still wait for several months, what more could Gensler get if he denied Blackrock? he is owned.
|
|
|
|
Ultegra134
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2023, 04:33:47 PM |
|
ETF has been trending lately, it's because of Bitcoin which has a lot of rumors about Bitcoin ETF approval, and most of the final deadlines of Bitcoin ETFs are next year. Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing. Do you think Ethereum will be approved first before Bitcoin? Or Bitcoin first then Ethereum? And do you think after Ethereum is approved on their ETF, any other altcoins will follow too? https://listingcenter.nasdaq.com/rulebook/NASDAQ/rulefilingsThis news has ignited new wave of excitement in cryptocurrencies market. Ethereum price surged to above $2100 and all protocols on Ethereum network are showing price increase to the extent of 10-15%. There is speculation in the market that Ethereum can potentially soar to $3000 or even more once formal improved of Ethereum is obtained by BlackRock. I think that $3k is not much for eth now. Especially since the hype around the etf will only get stronger. But until the etf is approved for bitcoin, it is too early to talk about possible developments for eth. I think we are seeing a local altseason so far and that's already good. there were predictions that ETH would go $25k once approved. the adoption is really arriving in 2024. it only needs ETH ETF to kickstart this altcoin season to full steam. even now, SOL is outranking competitors and reached almost $60 at this very early phase. ETH ETF will be approved after all it's the Blackrock that is applying for it. it's not just someone. Blackrock is wallstreet and if SEC Gensler was already grilled this time while the approval will still wait for several months, what more could Gensler get if he denied Blackrock? he is owned. So that explains the recent rise in price. It's interesting to see more and more investment companies adopt cryptocurrencies; it means that we're moving towards a phase of accepting realizing that they're real assets, for those who have always doubted it. If Bitcoin is approved, then Ethereum will be approved too, for sure, and who knows, more cryptocurrencies might be listed in the future as well. However, $25,000 sounds like way too much. How much will Bitcoin be worth if Ethereum reaches that high? It's previous ATH sits slightly below $5,000; in my opinion, a more reasonable prediction would be around $7,000 to $8,000 tops.
|
R |
▀▀▀▀▀▀▀██████▄▄ ████████████████ ▀▀▀▀█████▀▀▀█████ ████████▌███▐████ ▄▄▄▄█████▄▄▄█████ ████████████████ ▄▄▄▄▄▄▄██████▀▀ | LLBIT | │ | CRYPTO FUTURES | | | | | | | │ | 1,000x LEVERAGE | │ | COMPETITIVE FEES | │ | INSTANT EXECUTION | │ | . TRADE NOW |
|
|
|
electronicash
Legendary
Offline
Activity: 3192
Merit: 1054
|
![](https://bitcointalk.org/Themes/custom1/images/post/xx.gif) |
November 12, 2023, 05:20:01 PM |
|
ETF has been trending lately, it's because of Bitcoin which has a lot of rumors about Bitcoin ETF approval, and most of the final deadlines of Bitcoin ETFs are next year. Suddenly the highest market cap altcoin has been shocking announcement about this ETF filing. Do you think Ethereum will be approved first before Bitcoin? Or Bitcoin first then Ethereum? And do you think after Ethereum is approved on their ETF, any other altcoins will follow too? https://listingcenter.nasdaq.com/rulebook/NASDAQ/rulefilingsThis news has ignited new wave of excitement in cryptocurrencies market. Ethereum price surged to above $2100 and all protocols on Ethereum network are showing price increase to the extent of 10-15%. There is speculation in the market that Ethereum can potentially soar to $3000 or even more once formal improved of Ethereum is obtained by BlackRock. I think that $3k is not much for eth now. Especially since the hype around the etf will only get stronger. But until the etf is approved for bitcoin, it is too early to talk about possible developments for eth. I think we are seeing a local altseason so far and that's already good. there were predictions that ETH would go $25k once approved. the adoption is really arriving in 2024. it only needs ETH ETF to kickstart this altcoin season to full steam. even now, SOL is outranking competitors and reached almost $60 at this very early phase. ETH ETF will be approved after all it's the Blackrock that is applying for it. it's not just someone. Blackrock is wallstreet and if SEC Gensler was already grilled this time while the approval will still wait for several months, what more could Gensler get if he denied Blackrock? he is owned. So that explains the recent rise in price. It's interesting to see more and more investment companies adopt cryptocurrencies; it means that we're moving towards a phase of accepting realizing that they're real assets, for those who have always doubted it. If Bitcoin is approved, then Ethereum will be approved too, for sure, and who knows, more cryptocurrencies might be listed in the future as well. However, $25,000 sounds like way too much. How much will Bitcoin be worth if Ethereum reaches that high? It's previous ATH sits slightly below $5,000; in my opinion, a more reasonable prediction would be around $7,000 to $8,000 tops. $25k may be too much to believe in. it's just a delusional prediction of random guys out there but it's what they said too when someone said ETH will hit $4000. i don't find it hard to believe especially because the digital currencies growth could be parabolic this time because the fiat currencies are falling apart and at the same time the largest institutions are supporting blockchain projects like ETH to be one among the ETF. eventually, they will all be approved BTC and ETH ETF. the thing that we need to be warned of is what will cause the price to fall down in the bear market because there usually is a company that will break or will the government do the witch hunt for crypto criminals.
|
|
|
|
|