Bitcoin ETF approval is expected to open the door for more conservative investors.  This is expected to have an irreversible impact on the price of BTC.

Investor speculation is the main thing that drives the price of cryptocurrency.  Fixed income instruments like Treasury bills reportedly do not seem to have any relation to digital assets. This is true because most investors from the asset class are not permitted to invest in Bitcoin (BTC)

Public pension funds, retirement plans, fixed income and most non-leverage equity and multimarket mutual funds are allowed only to invest in particular asset classes. These limits come from the fund class regulation, the bylaws and the administrator’s risk assessment.

When investors are getting negative yields they will obviously mover to riskier assets; however, they might not shift to cryptocurrency altogether.

Thus, an eventual Bitcoin ETF approval by the United States Securities and Exchange Commission is expected to bring in more funds flowing in the Bitcoin space from conservative assets.

Dan Held recollects how Bitcoin 10xed over the last year. $500,000 a coin is only 10x from here.

Community response:  Too pessimistic bruh. 2030 price is in the tens of millions. Mark my word. People about to learn why the King is the KING.

2020 = 10x 1 Year 2021-2026 10x 5 years It’s inevitable.

What exactly drove the 10x? Was it a very high influx of new buyers + more Hodlers? What needs to happen to drive the next 10x.

He‘s changing his mind as the wind blows. Had some crazy investment at first. Lost a ton post MtGox crash, became a harsh critic now is back on board and a big expert and now skeptic again Good guy but never heard a solid insight from him on crypto ever.

And for some reason, people who’ve been in this space for a long time think that BTC can’t hit 100k by the end of this year. Barely more than 1x from here.

You mean 2x? 1x of 50k is 50k?

In how many years do you think it could happen? Years? We‘re talking weeks, months here if we really moon.

BTC ETF in October could be a game changer, ETF would open many doors for people to invest in cryptocurrency. I think Max is right when he said 220k, and if it doesn’t happen this year, then in 2022 could be absolutely amazing.

Bitcoin is a great long term hedge. The real money though is being made in alts.