Wednesday is rumored to be the approval date of Bitcoin ETFs. Are you ready for a possibly drastic price movement? We could see $60K BTC or we could see $30K, but likely somewhere in the middle. What're your predictions for Wednesday?
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0 sats \ 0 replies \ @quark 8 Jan
It is most likely going to be approved. But it could very well rally and then dump since it is the most anticipated priced in event. The old "sell the news" is never going away.
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0 sats \ 0 replies \ @badabing 8 Jan
I hope they get delayed, but the recent sec fomo warning would point to approval imo.
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0 sats \ 0 replies \ @BitByBit21 8 Jan
My prediction is tick tock, next block.
https://m.stacker.news/11204
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0 sats \ 0 replies \ @Fabs 8 Jan
Imagine if this week is just a big nothing-burger, creating FUD all over the place.
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0 sats \ 2 replies \ @siggy47 8 Jan
My instinct was to make some short, sarcastic remark, but I didn't, because I myself am anticipating this ETF thing. I really believe the worst thing that can happen for all of us would be if the dollar price of bitcoin skyrockets. We will all check our dollar value, all the fake bitcoiners will trade back into fiat, and the rest of us will just feel rich.
I believe the spot EFTs are the road to white and black bitcoin, it is the U.S. government's attempt to coopt bitcoin.
I'm not overly pessimistic. Bitcoin will survive. I'm just not celebrating the ETFs.
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280 sats \ 1 reply \ @0xBTC OP 8 Jan
Me either, I am just aware of the impact they will have. Nothing like good old BlackRock taking a % fee from boomers when they could easily store it themselves. The rich get richer.
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0 sats \ 0 replies \ @siggy47 8 Jan
A big part of it for me is my hatred of BlackRock and its fascistic ties to the U.S. government. I posted a link to John Carvalho's recent WBD interview. He articulates the risks of ETFs very well.https://fountain.fm/episode/Nd62gcHJQZbn5gWf66Aq
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