Bitcoin $47,000.
ETF said to be getting approval on Wednesday.
ETFs said to begin trading on Thursday or Friday.

If true, will we see an initial dip, or will it soar from the start?

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The consensus on @CryptoFi Weekly was --> "too tough to call"

Downward pressure = sell the news

Upward pressure = all capital that has been waiting on the sidelines.

BUT --> the consensus view was also that regardless of what happens in the weeks after, in 1-3 months the BTC price in USD would be higher. 

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The ETF brings credibility and an easy onramp to the normie investors who might be looking for a new toy to play with now that regular markets are looking more and more over valued. I think its likely to spike at first.

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Once the ETF is approved.
We won't be able to buy below $50k. Ever. 





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Soar in the start and then a huge dump before btc halving 

Few people laughed, Few people cried & most were silent.
🐑🐑🐑🐑🐑🐑🐑🐑

There will be a massive pump from retail and a dump from whale and then steady roads from there. 

The good thing for price point I see is more volume and with limited supply the value goes up.

In a long term it would be interesting to see how the concept of decentralised finance fit in with traditional investors.

Interested to build solutions that can support issues of migrants community.

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terms: clout, reclout

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