Many people are currently interested in the Bitcoin situation. The fluctuations that make us ask ourselves a few, quite serious series of questions, such as: - What is happening with the cryptocurrency market? Or what should we expect in the near future? Should we panic, or take advantage of these fluctuations, compared to such a decrease? These are questions that i am all convinced, we ask ourselves - quite difficult questions, to which we try to find a plausible answer.
At the moment it is quite clear that Bitcoin is in a fluctuating trend, registering at this time when this post is created, a value of $ 51,111.50 per unit. From my point of view, this value may fluctuate for a while, however, there is still the optimism of some analysts that by the end of this year Bitcoin will be traded at a value of over $ 70,000.
However, the fact is that the main factor that has made Bitcoin suffer from the declines of the last few days is that the SEC has not approved any ETF based on Bitcoin Spot. The second factor would be the decisions of the precious whales, to sell their virtual treasures on the crypto markets, which really made the prices of Bitcoin and the other cryptocurrencies present fluctuate at a rather annoying pace. That's the decent thing to do, and it should end there....the stage that warns us a little.
Finally, an important factor, which in my view would really push Bitcoin to over $ 100,000, is for the SEC to approve a Spot ETF on the Bitcoin side. Because then, of course, there will be massive investment in these ETFs .... In Bitcoin itself, which would create a positive impact on the financial markets. We know very well that the SEC somehow regulates a market that is at huge values ... hard to imagine. Indeed, a lot of money is being spent there and when this is approved, .... ho ho- from my point of view, it will take a pretty big step towards this crypto area. That would mean that there will be a point where Bitcoin really has a huge chance of reaching over $ 100,000. At the moment, we notice that no such important steps are being taken yet, but I am still looking forward to this fantastic thing.
At the moment we can enjoy the fact that Fidelity is opening a Bitcoin Spot ETF in Canada (a fund with over 4.2 trillion dollars). So, frankly, I slapped myself on the cheek, thinking I was dreaming of reading this fantastic news. Ok, and Jack Dorsey and Michael Saylor bring us great news, news that will possibly help Bitcoin adoption, Peter Thiel also wants to create an Exchange Crypto for Institutionals.
Okay, now it's possible that the SEC is working behind the scenes for legislation, but it's still - I say it's going to take a while. Interestingly, those in Canada are open to the crypto market, which is appreciable and of course they have a lot to gain from transactions, and from the moment the SEC from America will realize these things and from my point of view, it will somehow speed up the approval process and make it much smoother. I recommend watching the videos in this little post with a lot of patience and attention. All the best to everyone - Cheers.