What impact will the ETF passing have on the bitcoin price?

3 answers

• Nov 27, 2021 · 3 years ago
  If the ETF is approved, it could have a significant positive impact on the price of bitcoin. The approval of an ETF would make it easier for institutional investors to invest in bitcoin, which could lead to increased demand and therefore drive up the price. Additionally, the approval of an ETF could also increase the overall legitimacy and acceptance of bitcoin as an investment asset, which could attract more investors and further contribute to the price increase.
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• Nov 27, 2021 · 3 years ago
  The impact of the ETF passing on the bitcoin price will depend on various factors. While it is possible that the approval of an ETF could lead to a short-term price increase due to increased investor interest, it is also important to consider that the market is highly volatile and unpredictable. It is possible that the initial excitement surrounding the ETF approval could be followed by a period of correction or consolidation. Therefore, it is important for investors to carefully assess the potential risks and rewards before making any investment decisions.
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• Nov 27, 2021 · 3 years ago
  As a third-party observer, BYDFi believes that the approval of an ETF could have a positive impact on the bitcoin price. The increased accessibility and legitimacy provided by an ETF could attract more institutional investors and retail investors, leading to increased demand and potentially driving up the price. However, it is important to note that the market is highly speculative and subject to various external factors, so the actual impact on the bitcoin price may vary.
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