Bitcoin ETFs, do they REALLY matter?

 article about Bitcoin ETFs, do they REALLY matter?
2018-08-14 02:26:46
We have talked a bit about Bitcoin ETFs and how they could push up the price of Bitcoin, but there's a hidden danger in thinking about it like that. While it is true that Bitcoin ETFs might push Bitcoin price up a lot, talking about it and hoping for it might have a totally opposite result, at least short term.

The market makers have done a good job trying to convince everyone that Bitcoin ETFs are a must for crypto growth. In reality, crypto has been doing good without the ETFs until now, and the reason why it might be influencing the price now, is the expectation for it, not much else. If you look into it, Bitcoin ETFs have been denied for the last five years, although they have been pushed all the time.

Bitcoin ETFs for now are for Wall Street to make money. Wall Street managed to miss the boat getting in cheap into the crypto market. So now they have convinced everyone that the ETF proposals are paramount for the market to ever go up again. Most, if any, ETFs won't be approved this year, and this fact is being used by the big market makers to further drive down the price of Bitcoin, to buy it as cheaply as possible.

The ETF proposals are in fact clouding the crypto market with the manipulative messages.

Crypto market is not about ETFs, it's about its technology and adoption - and things are going great from this perspective. We should all forget about ETFs for now and Bitcoin price will again start increasing soon.




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