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BitcoinETF approval analysis of long-term implications.
After the approval of ETFBitcoin, many traders, both beginners and professionals
They predict that the market will go up in huge steps.
Bitcoin and Etherium have become available to a wider range of investors and traders, so now the price will only go up and demand will only grow.
The difficult thing is the question: “Do those who have not previously shown demand for cryptocurrency need Bitcoin and Ethereum?”
“And who will even start buying up the market?”
On major exchanges in Chicago and New York, investors have access to Bitcoin futures since 2021. It follows that everyone who is interested in investing directly in Bitcoin already has it in their portfolio without an ETF.
Also, the approval of an ETF will not affect the cryptocurrency market in the long term, since it is more dependent on the future Bitcoin halving than an ETF without potential buyers.
Think for yourself, follow all the news in this area and do not make hasty decisions.
