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What are the expectations for the ETF decision on September 30th and its effect on Bitcoin's price?

avatarkutaevNov 24, 2021 · 3 years ago1 answers

What are the current expectations for the ETF decision on September 30th and how might it impact the price of Bitcoin?

What are the expectations for the ETF decision on September 30th and its effect on Bitcoin's price?
ETF
Bitcoin
Cryptocurrency

1 answers

  • avatarNov 24, 2021 · 3 years ago
    According to BYDFi, a leading cryptocurrency exchange, the expectations for the ETF decision on September 30th are cautiously optimistic. While there is no guarantee of approval, the general sentiment is that the chances are higher than ever before. If the ETF is approved, it could open the floodgates for institutional money to flow into Bitcoin, which could have a positive impact on its price. However, even if the ETF is rejected, it doesn't necessarily mean doom and gloom for Bitcoin. The market has shown resilience in the past and has the potential to bounce back. So, keep an eye on the decision, but remember to take a long-term perspective when it comes to Bitcoin.

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