 |
Today at 04:11:49 PM |
|
I have observed that whenever there is war, the ETF inflow always increases. As soon as the price of Bitcoin increases, the ETF outflow also increases. I have been monitoring it for the last six months as I created a tool that tries to predict the price of Bitcoin on various reasons and one of them is ETF inflows.
As the crude oil shock is going to hit the world in October, as KSA has stopped distributing it due to the attacks by Houthis on their pipelines and Russian getting attacked by Ukrainian drones, is it possible that we might see a big influx in ETFs and the price of Bitcoin going up?
I feel this time we might get a new ATH by October or November. BTW.. do not use your hard earned money for any luxury in these two months. Whatever you are doing now with it is okay for now.
Inflation will rise and I suspect another rise in petrol & diesel prices in India.
|