WE'RE ABOUT TO SEE ETHEREUM RISE BY 200%!!!
Blackrock had just announced their intentions for an ethereum etf.
The price of ethereum has already shot up since the announcement. This had come as a huge surprise to the community. Bitcoin had shot up nearly 100% since the release of its first ETF, and that's because their marketcap is already extremely high, so imagine what would happen if this occurred to ethereum? Ethereum with a 300B USD inflow of cash? That'd be an unbelievable 200% price increase. This'd absolutely rock the world; even more than it did with bitcoin. I have no idea why this sort of money wasn't in the economy to begin with? It's crazy to see that it had just gotten into the market? I wonder how much more is going to get into bitcoin in the coming months and years? Trillions of dollars? Likely, and realistic.
Crazy to think about.
Regardless, it is important to consider the possible limitations that might appear ahead of time with blackrock's ethereum etf application. Such as Ethereum not 'being a real cryptocurrency' in the eyes of the SEC, just like how it had considered XRP, Solana, Cardano, and 8 other cryptocurrencies made clear in the lawsuits against them by the SEC back in 2022 and early 2023. Ethereum could very easily come to experience the same thing all those other cryptocurrencies did, therefor delaying or completely putting a halt to the application..3-4 month delays should be expected...a full stop halt? Much more unlikely, but still a genuine possibility.
That's all for today. Let's hope for the best and stack some ethereum.
Cheers.
