A Brief Comparative Analysis Of The Profit Potentials For BTC And Altcoins Post BTC Spot ETF Approvals.
Although spot bitcoin ETFs are overall a better option for investors than bitcoin futures ETFs, they don’t yet offer the efficiency that investors have come to expect from other ETFs.
Spot Bitcoin ETFs come with numerous advantages, but won't make you rich immediately if you are a beginner or a micro (small) capital investor. Only the institutions and larger capital investors will benefit at the short run.
Personally I hodl a little amount of BTC but for security. Mainly, I prefer the altcoins especially those below 1usdt. As soon as the ETFs are open for official trading and investment, there will be an altcoin bullish frenzy which will be triggered by BTC Price appreciation ( if so).
Think of it this way, Sometimes when we manage to get a 10% or 15% BTC price appreciation, imagine to what degree this price action will impact the prices of the altcoins (would be probably bullish frenzied).... probably 50-80% and above.
Where you have to spend thousands or even millions of dollars on acquisition of sufficient units of BTC, you only need a few hundreds to a few thousands to make an equal or greater percentage in profits when it comes to altcoins.
The only disadvantage being that the altcoins are highly volatile and may lose almost all or in fact all profits within minutes following any market sentiments, making BTC a more solid asset to invest in.
Therefore i will personally take my position with the alts while we await the official trading of the ETFs tomorrow, Friday 12th January , 2024.
Disclaimer
I am not a taxable financial advisor, Crypto investments come with potential losses. Make sure you understand the meaning of every term described and the corresponding potentials and always DYOR before engaging in any crypto ventures .
