You've read that title right. Bitcoin is about to skyrocket to 50k. You're all waiting for it, it's already here. The current drop to below 42k is temporary. When the bitcoin ETF is approved, we might even see bitcoin go to 80k. It's really not a matter of if, but rather when. We're all waiting for it but the SEC thinks its funny to keep delaying, so we'll have to wait for them to get over with that. They're looking to really profit off of these price swings, so I'm genuinely expecting a few to come before we see 80,000. That's just how corrupt the world's governments are. It's run by humans and humans are inherently inefficient and corrupt, don't let anyone tell you that we need an AI run government. We don't. It's worked with humans for thousands of years. We aren't special. We can do it with humans just as well as governments in the 1900s have.
Regardless, this ETF approval is literally what everyone's waiting for. We might see alt coins crash when bitcoin shoots up due to how everyone'll get FOMO. I don't doubt it'll bring in more money to the ecosystem, but it might just also be taking it and redirecting it to a bigger token. Crypto users will just have to overcome this obstacle and start picking larger mcap tokens unless their respective small cap tokens explode. I'm expecting tokens like pepe to really skyrocket, i'm personally really keeping an eye on luna classic as it's already 5x'ed and is currently sitting at a 3x.