What are ETFs?
ETF is a security that tracks an index, commodity, or basket of assets and trades like a stock. Bitcoin ETFs allow investors to gain exposure to the price of Bitcoin without having to deal with actual BTC. So baby boomers and regular people can buy Bitcoin easily.
What does ETF mean?
Institutions and individuals can invest in Bitcoin in a regulated and accessible way without having to deal with actual bits using complex things like defi wallets currency.
In the long term, a Bitcoin ETF may improve Bitcoin’s liquidity and price stability. As more people are able to invest easily, the market should see increased trading volume and more stable prices due to diversification + more investors.
ETFs will signal regulatory acceptance and enable the creation and approval of more Bitcoin-related financial products in the future.
Also, due to the acceptance of Bitcoin, there will be a huge inflow of liquidity from institutional investors and ordinary people, which may be like what we saw in gold That skyrocketed the price of Bitcoin. When the gold ETF was approved, it rose more than 3x over the next few years, and Bitcoin could rise even more.
What are the biggest benefits of ETF adoption?
Convenient for institutions to enter the market to purchase cryptocurrencies. The institutions referred to here are Wall Street capital institutions that control hundreds of billions of dollars.
There were many institutions in web3 before, but they usually invested in the primary market, and occasionally market makers operated the secondary market, but the size of these institutions It is still too small compared to traditional institutions.
What should I do if the BTC ETF fails?
The biggest opportunity will be when there is a huge decline. When the copycat falls by more than 30% and the big pie falls by more than 10%, it will be a game for the brave. We have only one choice: buy the bottom!
What should I do if the BTC ETF is approved?
It is very simple to pass. First, pay attention to the BTC ecology, mainly ordi and sats. In addition, you should pay attention to the new protocol RGB. This article There's going to be huge movement in RGB.
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2024, we believe, will be the beginning of a big bull market, full of opportunities and risks. The process is difficult. As a result, I tell you that BTC will reach more than 100,000 dollars, and you may not be able to survive in the market until then, so abandon leverage, reduce risks, and wait for the flowers to bloom.
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