The Bitcoin spot ETF has just been confirmed for real this time!
But what will happen next?
Here's my thoughts 🧵👇
1️⃣ Bitcoin pumps the next few days
While it's basically already confirmed, the announcement from the SEC and officials itself will go live in a few hours from now.
That's when Bitcoin will slowly start going up as a direct result of the officials announcements.
It won't be a god candle however and neither will it last very long.
Our euphoria from the past couple of months has been answered and the market is always looking for what next?
The spot ETF is incredibly underrated long term.
But it's overrated short term.
After an initial pump I expect bitcoin to slow down and either consolidate from there or even have a pull-back.
Not as big as some would believe however.
Low 40s is what I'm betting at if we see one.
But low 30s? That's off the table at this point.
2️⃣Ethereum takes center stage
Remember when I said the market is always looking for the next big thing?
Now that we have the Bitcoin ETF approval, Ethereum speculation is next.
And speculation is what fuels price.
(bitcoin 13+ weeks up only on ETF speculation)
We are already seeing the first signs of that.
Unless you have more important bags, this is a good time to hodl.
Ethereum will run but what follows next is even more important.
Because when ethereum pumps, what always follows?
3️⃣ Alts run
We still have half a year before the halving.
This means we have a transitionary period of time when bitcoin speculation takes center stage again.
I'm fully expecting we have a minor alt-season this year, yes a minor alt season, but keep your eyes open for those hot narratives, especially gamefi.
Even before the halving, some alts will blow up.
4️⃣ Bitcoin kicks off the true bull-run
The halving is fast approaching and bitcoin speculation is back on.
Between all of this we still have the spot ETF doing it's thing.
Granting access to institutions in an easy protected way, and channeling in funds through retail investors.
The bull-run now is in full effect because bitcoin does it thing like always.
It brings exposure to the ENTIRE market.
Retail is back, media is back but most importantly, the market is up only amd holders will win.
Hope you learnt something today, I am ticktalker and I always post crypto/educative contents.
Making each day count in the world of crypto is crucial for success. Plan, research, and learn to stay ahead. Keep pushing, legends! 💪💯
Until next time, stay SAFU.
Please whatever is written in the article above is for educative purposes only. I am not a financial advisor.
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