You are viewing a single comment's thread from:
RE: You really think the Bitcoin ETF is priced in?
There have been a couple narratives pushed hard by those that do not want this to get out of hand too soon, One that the ETF is already priced in, so don't buy here, a notion that seems to forget completely about the real news, namely the soon arriving halving. The second is that this is going to be a sell the news event so sell the instance the ETF is apporved. Well maybe, but not for long. The 3rd is that BTC will soar to 60K and then crash back so sell on the pop so you can get back in cheap. All these narratives help out the poor behind the 8 ball institutions, not retail investors.
Well said. The fact that we had that big drop from 46k to 40k last week I think damped the sell the news possibility. The leverage already was wiped out. Now, if there is a sell the news, it will be much smaller. Plus, I am reading that these ETFs are going to go live very shortly after they get approved, if that is the case, there won't be much time for a sell the news event before literally billions flow in.