Bitcoin ETF Approval: Potential Impacts and Market predictions

by Ouess

Buying a significant amount of Bitcoin could become difficult due to its rising price, analysts warn.

The potential approval of a US Bitcoin ETF might shrink Bitcoin supply drastically, with predictions of institutional demand. Estimates suggest such an ETF could introduce up to $30 billion, potentially buying half of all available Bitcoin.

Experts note challenges in monopolizing Bitcoin due to its capped supply and decentralized nature. They believe attempting to buy all circulating Bitcoin is impractical, given the scarcity principle, which could drive prices excessively high.

While some foresee positive impacts from Bitcoin ETFs, others caution about potential negative effects, including market distortion and short-term sell-offs. However, some argue that the impact may be minimal, considering existing Bitcoin ETFs in other regions compared to the vastness of the US market.

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