Bitcoin ETF Decision Impact On Price

Bitcoin ETF Decision Impact On Price

Analysts anticipate, a Bitcoin ETF or exchange-traded fund, if approved by SEC in March this year would drive up the price of bitcoin significantly.

Some estimate that at least $300 million in assets would flow into a bitcoin ETF in its first week only.

It would be very difficult to source $300 million of bitcoin within a week without drastically increasing the price of Bitcoin.

Therefore if a Bitcoin ETF is approved expect sharp jump of the Bitcoin price this year.