OK, this is not really a suggestion of the upcoming trend, I wrote about my prediction previously (short) and as you can see on this chart, the price is hitting some major resistance right now. It just went upwards too fast, it's just hype and news at this stage and the price of SPOT ETF approval is already priced in.
BUT HERE IS SOMETHING NO ONE TALKS ABOUT, and I do mean no one, which is frightening that all these major crypto traders seem to forget this very, extremely important thing.
Everyone only talks about how all those funds will suddenly be able to buy the underlying asset. (Newsflash, they can already have safe exposure to BTC)
But absolutely no one talks about how this can also influence the selling or dumping of the asset and the control of it's price swings.
Remember what happened with first Bitcoin Futures on the CME? It was a big deal, the price shot up and than went downhill from there for quite a long time.
Now imagine how easy it will be to manipulate the price with billions of dollars of short selling, especially with Fink's Alladin software.
Be very careful what you wish for.
BUT HERE IS SOMETHING NO ONE TALKS ABOUT, and I do mean no one, which is frightening that all these major crypto traders seem to forget this very, extremely important thing.
Everyone only talks about how all those funds will suddenly be able to buy the underlying asset. (Newsflash, they can already have safe exposure to BTC)
But absolutely no one talks about how this can also influence the selling or dumping of the asset and the control of it's price swings.
Remember what happened with first Bitcoin Futures on the CME? It was a big deal, the price shot up and than went downhill from there for quite a long time.
Now imagine how easy it will be to manipulate the price with billions of dollars of short selling, especially with Fink's Alladin software.
Be very careful what you wish for.
