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What can we expect for the future value of Bitcoin after the ETF denial?

avatarhaiLiksDec 16, 2021 · 3 years ago3 answers

After the ETF denial, what impact will it have on the future value of Bitcoin?

What can we expect for the future value of Bitcoin after the ETF denial?

3 answers

  • avatarDec 16, 2021 · 3 years ago
    The ETF denial could have a short-term negative impact on the future value of Bitcoin. Investors who were hoping for the ETF approval may sell off their holdings, causing a temporary decrease in price. However, it's important to note that the long-term value of Bitcoin is not solely dependent on ETF approval. Factors such as adoption, technological advancements, and market demand will continue to play a significant role in determining its future value.
  • avatarDec 16, 2021 · 3 years ago
    Well, after the ETF denial, Bitcoin's future value is uncertain. Some experts believe that the denial will have a minimal impact on the overall market, as the ETF approval was already priced in by many investors. Others argue that the denial could lead to a loss of confidence in Bitcoin, resulting in a decline in value. Only time will tell how the market will react and what the future holds for Bitcoin.
  • avatarDec 16, 2021 · 3 years ago
    As an expert at BYDFi, I can say that the ETF denial is just a temporary setback for Bitcoin. The market has seen similar situations in the past, and Bitcoin has always managed to bounce back stronger. The denial may create a buying opportunity for savvy investors who believe in the long-term potential of Bitcoin. Remember, it's important to focus on the fundamentals of Bitcoin and not get swayed by short-term market fluctuations.