Probably, its approval can be called the most anticipated event in crypto in recent times. But what is it? How much growth can we expect from Bitcoin if Bitcoin-ETF is adopted? And why will this event break the covenants of Satoshi Nakamoto?☝🏼If an ETF is a fund that invests in certain assets, shares (parts) of which are traded on an exchange, then a spot Bitcoin ETF is nothing more than a fund that buys bitcoins into its account and allows investor can invest in digital gold through a regular brokerage account. Bitcoin-ETF will be owned by large investment companies such as BlackRock (more than $10 trillion under management), Fidelity Investments ($4.2 trillion), Invesco ($1.4 trillion) and others. Strengthening trust to cryptocurrenciesThe most basic. People will begin to trust the entire crypto market more, because the state itself has officially given the green light. Easy to buy BTC Ordinary investors, funds and companies will no longer have to think about wallets, crypto exchanges, storage, scams, etc. I just went to the brokerage account and bought. Injecting a ton of money into the market Anyone who wants to buy shares of a spot Bitcoin-ETF –> the fund uses profits from the shares to buy new BTC for its portfolio –> that is, new $$$ are pouring into the crypto market –> growth begins . For example, Galaxy Digital believes that approval will lead to an increase in Bitcoin by 74%. their funds are more profitable. Dependence on the regulator The price of BTC will react more strongly to the decisions of the authorities due to its connection with investment organizations that are obliged to comply with the laws. Centralization Will we be able to maintain the Satoshi philosophy when the industry becomes flooded with possible trillions of dollars from funds that are firmly sitting in the decaying fiat system, buy BTC and are very likely to take over mining to change the Bitcoin protocol? Fake ownership of Bitcoin Bitcoins will be held by the fund that launched the Bitcoin ETF. The buyer has only shares confirming his share in this amount of BTC. That is, buyers will not truly own crypto. Remember that your private keys are not your crypto. Globally, this is a bearish signal. ETF approval will lead to an increase in the price of digital gold, but then you can expect a fall, i.e.because big guys will need to buy cheaper in order to later sell it to the crowd at a higher price. ❗️ Sometimes the hype around a future event creates a better moment for selling than the onset of the event itself. Remember the same launch of ETH 2.0, which, one might say, ultimately did not affect the price in any way, although there were conversations. Always independently assess all risks and opportunities.

The cryptocurrency industry in 2024 opens up a wide range of investment opportunities across its different sectors. Against the backdrop of an easing of monetary policy (MP) by world banks, new liquidity may come to financial markets, which will be directed, among other things, to high-risk instruments, which include crypto-assets.