Spot bitcoin ETFs may face uphill battle to widen token’s appeal

Jeff Schwartz, president of Markov Processes International, a fintech firm that advises wealth and asset managers, drew a parallel between bitcoin and emerging markets and commodities, two asset classes that gained traction in investors’ portfolios in the 1990s and early 2000s. Those “were asset classes far better understood by most investors than bitcoin is,” Schwartz […]

January 11, 2024

Jeff Schwartz, president of Markov Processes International, a fintech firm that advises wealth and asset managers, drew a parallel between bitcoin and emerging markets and commodities, two asset classes that gained traction in investors’ portfolios in the 1990s and early 2000s.
Those “were asset classes far better understood by most investors than bitcoin is,” Schwartz said. Nevertheless, “allocations were capped at a very low level (at the time), out of prudence.”
– writes Reuters reporter Suzanne McGee in her story that discusses the approval of U.S. bitcoin ETFs.

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  • David Dzidzikashvili, PhD Candidate
    #

    Bitcoin ETF is just the beginning! This will be followed by Ethereum ETF + other projects joining in = these developments will have an immense global effect on the total crypto market cap and the overall adoption rates once the Wall Street has opened the doors! We had seen a temporary drop of $BTC recently that followed the ETF news. This was a deliberate manipulation of the market by whales. This was a whale BTC market move when the whales sold below $50K BTC and bought again the BTC below $40K taking in the profits and recovering portfolios. They could not push the BTC bottom further below, because strong buy demand was there and Wall Street has joined the game.

    If no major economic crisis happens (all else equal) in 2024 (USDT Tether liquidity issues or possible bankruptcy – low probability at the moment) we should see a mega bull run starting late 2024/early 2025 lasting to late 2025/early 2026. This assumes that interest rate hikes will stop and we will see the rates to start decreasing throughout 2025. There is also high probability that there will be additional increase (money printing) in US Dollar volume / money supply at the end of 2024 that will provide an additional firepower effect the next bull run in combination with low interest rates and cheap borrowing. This will be the mega bull ran with potentially push the total crypto market cap over $7-$10 trillion threshold and even surpassing gold at $12 trillion market cap. The 2025 bull run will be the mega bull run of our times!

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