We know Bitcoin ETFs are supposed to be approved recently. So there is no end to speculation about it in the present time. If the Spot Bitcoin ETF is approved then we can expect to see the highest price of Bitcoin. And if the Bitcoin ETF is not approved then we may see some decline in the price of Bitcoin. Even that may be $10,000 to $15,000. But many are expecting something positive. Many expect the price of Bitcoin to reach all-time highs amid the bull market ahead.
Many investors may be disappointed by the initial performance of spot bitcoin ETFs. Musa This is a common occurrence but don't underestimate its impact in the long run. But it's important to note here that Vanek advisor Gabor Gerbaks says the introduction of spot bitcoin exchange-traded funds (ETFs) probably won't have much of an impact on bitcoin. He speculates that ETFs may not have much impact on Bitcoin, but could eventually bring trillions of dollars to the cryptocurrency sector. In other words, it can reach the maximum height. He made a post about this today on his X (formerly Twitter) account. There he expressed his opinion, and there he noted that the "primary impact" of a Bitcoin ETF is being vastly overestimated. Estimates suggest it could see a net inflow of around $100 million on launch from "mostly recycled" money from large institutional investors. He shares such views on his "X" account.
https://x.com/gaborgurbacs/status/1741463685275476023?s=20
If you want to tweet about this, you can click on the above link. This is a link from my twitter account.
Recently launched Gold ETF. Garbaks explained that the price of gold more than quadrupled in the eight years following its introduction. However, since gold ETFs point to a rise in gold prices after launch, the ETF's impact on Bitcoin is expected to bode well in the long term. Hopefully this will bring good things and we will see Bitcoin peak. If we look at the present we will see that Bitcoin currently manages a market cap of $834 billion today. That's about 41% of gold's market capitalization this year.
As the price of gold has risen, it is expected that if a spot bitcoin ETF is approved, the price trajectory of bitcoin may follow in gold's footsteps. This will likely happen "very quickly" due to factors such as increasing supply and scarcity. Even now, many are speculating that if the Bitcoin ETF is approved, the price of Bitcoin could rise significantly and that could be the highest level in history. Spot Bitcoin ETFs have some advantages. One of the most important advantages it has is institutional investors. And with it the ability to legitimize and denigrate Bitcoin in the eyes of nation-states.
By being laser-focused, they are not fully realizing the long-term impact of such products. While some argue that the expected approval will cause a significant and lasting increase in prices immediately after the approval, others argue that the approval is a "news selling" event. But it is also very important that many people think that if it is approved then the price of bitcoin will increase a lot but if it is not approved then we can see a bearish market recently and the price of bitcoin may drop by 10 to 15 thousand dollars.