近期幣價大漲，很多人都認為是因為BTC的ETF即將到來，雖然我並非專業人士，但試著用自己的方式去理解這個可能發生的事件，如果你有不同看法，或著認為我哪邊說錯的，都歡迎留言討論或糾正。
BTC使用ETF的方式登場，我想最直覺的想法，應該是投資者的進入門檻降低，將會有大量的資金進入加密貨幣市場，當然這是好是壞，還可以討論討論，一定會有不同的看法產生，但未來是個未知數，也沒有人可以確定未來是怎樣的結果，所以各種看法都理解一下，並不是甚麼壞事。
我有聽過周遭的人對此事的疑問，想投資BTC直接自己買不就行了? 也許對於有接觸或著常接觸網路世界的人，這是個在目前算很快速可以辦到的事，但並不是所有投資者都對加密貨幣如此熟悉，只知道新聞上的訊息，或著有各自的理由沒辦法順利的自己透過交易所購買。
我相信這些金融機構願意不勞其煩申請BTC的ETF核准，一定是有收集過資訊，很多渴望這種方式交易的投資者要求。所以我推測更多資金流入加密貨幣市場是很有可能的，當然這些金融機構也可能在中間有很多操作空間，賺取更大的利潤，這也是他們高額獲利的方式。
我猜想要是BTC的ETF核准並且上市，短期USDT的市值有可能會受到影響，我猜測存在一部份的資金，只做BTC/USDT的交易買賣，如果可以直接在現實用美金做交易，也可以跳過交易所換回法幣造成的匯差，當然這也是我的隨意猜測，也許精算之後，ETF的管理費比較昂貴也是有可能的，而且這也限定在可以投資美國證券市場的人。
我也會擔心加密貨幣市場，會不會受到更多的現實資金影響，雖然具體怎麼去影響我也說不出，就只是一個普通人的無謂擔心也說不定，也許就像索羅斯當年狙擊泰銖，當然現在也可以這樣做，只是透過股票市場似乎更容易，這只是我不專業的猜測。
正面的想，越多人認同加密貨幣的價值，那加密貨幣的價值越穩固，就像歷史上很多的交易媒介一樣，雖然也很多人認為BTC逐漸變成商品而非貨幣，但未來也許一些聰明的加密貨幣信仰者，可以將情況變得好轉，不管是好的應用程式，或著更好的運作機制來達成新貨幣的發展。
The following text was translated by Google translate, and there may be some areas where the sentences are not very smooth, so please forgive any imperfections.
Cryptocurrency prices have surged recently, and many people think it is because of the upcoming BTC ETF. Although I am not a professional, I try to understand this possible event in my own way. If you have a different view, Or you think I made a mistake somewhere, please leave a message for discussion or correction.
BTC debuts in the form of ETFs. I think the most intuitive idea is that the entry threshold for investors is lowered, and a large amount of funds will enter the cryptocurrency market. Of course, whether this is good or bad can still be discussed, and there will definitely be differences opinions arise. But the future is unknown, and no one can be sure of what the future will be like, so it is not a bad thing to understand various opinions.
I have heard questions from people around me about this matter. If someone wants to invest in BTC, can’t they just go to the exchange and buy it themselves? Maybe for people who are exposed to cryptocurrency or are often exposed to the Internet, this is something that can be done very quickly nowadays. However, not all investors are so familiar with cryptocurrencies. They only know the information in the news, or they have their own reasons for not being able to smoothly purchase them through exchanges.
I believe that these financial institutions are willing to take the trouble to apply for BTC ETF approval. They must have collected information, and many investors who are eager to trade in this way. So I speculate that it is very possible for more funds to flow into the cryptocurrency market. Of course, these financial institutions may also have a lot of room to operate in the middle and earn greater profits. This is also how they make high profits.
I guess if the BTC ETF is approved and listed, the short-term market value of USDT may be affected. I guess there will be some funds that only trade BTC/USDT. If funds can directly trade with US dollars in real markets. It can avoid the exchange difference caused by the exchange back to legal currency. Of course this is just my guess. Perhaps after actuarial calculation, it is possible that the management fees of ETFs are relatively expensive, and this trading method is also limited to those who can invest in the U.S. securities market.
I am also worried about whether the cryptocurrency market will be affected by more real money. Although I can’t say how it will be affected. It might just be an ordinary person’s unnecessary worry. Maybe it’s like George Soros's attack on the Thai baht. Of course it can be done now, but it seems easier through the stock market, this is just my unprofessional guess.
Thinking positively, the more people recognize the value of cryptocurrency, the more stable the value of cryptocurrency will be, just like many trading media in history. Although many people think that BTC is gradually becoming a commodity rather than a currency. May be some smart cryptocurrency believers can change the situation for the better in the future, whether it is good applications or better operating mechanisms to achieve the development of new currencies.
Photo by Oren Elbaz on Unsplash