Originally the bitcoin strategy that has constantly provided 300% returns every four (4) years was to buy buy right before and then exit for profit in about 45 days. This has been a cyclical return that was automatically built into the bitcoin mining block rewards. This upcoming bitcoin halving event however will be different and have a new outlier in bitcoin's price movement. That outlier being the Blackrock Spot Bitcoin ETF.
The Blackrock Spot ETF represents a new buyer presence for Bitcoin. Upon first thought one would assume, Blackrock purchased the bulk of its BTC prior to the announcement. So any price movements have happened already and the actual trading of the ETF shouldn't have an effect on price movements, but...If its popular it should not only be a new opportunity for institutional investors (big money players) but should feed a constant demand for a digital asset: UTILITY.
I've always believed Bitcoin works as a great store of value because of not only its difficulty to get and scarcity; but because its a cheaper asset to store and move around easier than lets say the current stores of value (excluding FIAT currency, think real estate, art, gold and etc.). I will still perform my bitcoin HOLDing strategy however instead of a complete liquidation, I'll only take profit and see if it the ETF has any effect on the cyclical price movements of Bitcoin.
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