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RE: The Countdown To Bitcoin Spot ETF And What It Means

in LeoFinance6 months ago

I have seen some posts where they didn't expect BTC ETFs to affect the prices much, but this explanation showed a different side. At the end of the day, organizations like Blackrock will be getting BTC, and maybe a lot of it. With a large increase in demand, the prices should increase. I agree that once these corporations get a majority of the available BTC, it will become a centralized asset that big companies control. Decentralization will be in different tokens and its communities.

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It could be the sell the news.

That is true. But that will be a short term thing. It could be the foundation of a longer run. The halving also could come into play.