DEV Community

Discussion on: SEC Greenlights Bitcoin ETFs: Industry Game Changer or New Challenges Ahead?

Collapse
 
sidharrth profile image
Siv Deploys

** :~: Concept/Product/Architecture/Code Evaluator :~: **

*Article opinion *

The 11 approved ETF fund whales will buy all available bitcoins (limited asset) which creates a massive supply-demand bitcoin price fluctuation in the near term. Big surprise comes once supply exhausted or locked.
Couple of scenarios like the following may happen
1) ETFs Throttle/Unthrottle the Fund market
2) No one wants bitcoin at a point or think not a viable option! (bust)
3) float another ETF with another crypto
4) Introduce other cryptos into complex ETF staking strategy

** :~: Concept/Product/Architecture/Code Evaluator :~: **