3 years ago

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Bitcoin ETFs.. They’re passed and coming this week. Right?

Not exactly. There is either a lot of confusion or misinformation here that we need to cut our way through.

It’s been 8 years since the first of many filings for a Bitcoin ETF by none other than the Winklevoss twins, and yet we still do not have one in the US to this day…

Getting a true Bitcoin ETF passed could be huge for bitcoin helping to potentially push it’s price over that magical $100,000 price point.

A bitcoin ETF would push up the price of Bitcoin for several reasons..

Public Accessibility:
Accessibility has been a huge talking point for crypto as a whole, and a lot of people feel for crypto, and in this case, Bitcoin, to be adopted, accessibility and UI needs to be improved across the board.

IRA Moneyyy:
While 17% of Americans own Bitcoin, 75% of Americans have retirement accounts, and there is a TON of money in those retirement accounts, and Bitcoin is just waiting for a slice of that pie…

Public Opinion and Sentiment:
Over time crypto has slowly gained more trust in the broader society but it still has a long way to go.

ETFs and big stock exchanges hold a kind of prestige and respect by investors of all types, this credibility would help lend itself cryptos.

So this is great right? We have an ETF likely to come this week and it means bitcoin will see a big bump in price... Yes, but also no, this is where the confusion starts.

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*I am not a financial advisor. This is not financial advice*

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