Elon Musk just announced a crypto giveaway event to celebrate the twitter rebranding LIVE

https://www.reddit.com/gallery/159nak0

Elon Musk just announced a crypto giveaway event to celebrate the twitter rebranding LIVE

https://www.reddit.com/gallery/159m5s4

Elon Musk just announced a crypto giveaway event to celebrate the twitter rebranding LIVE

https://www.reddit.com/gallery/159mlhk

Elon Musk just announced a crypto giveaway event to celebrate the twitter rebranding LIVE

https://www.reddit.com/gallery/159kc0n

Bitcoin Spot ETFs Approvals: Will this Event be Catastrophic for Bitcoin and the Cryptocurrency Market?

Let’s discuss about the event which it is said to trigger “the next bull run besides making Bitcoin price go to the $100,000 levels” and why this could actually result in the opposite.

The End of “Crypto” as a Key Word

We all have read about the news of Bitcoin Spot ETFs Approvals in the United States. The vast majority of cryptocurrency traders and investors are convinced that a positive outcome would result in a new bull run, skyrocketing Bitcoin prices, and basically making everyone “rich”. But what if this was all planned?

I believe that the rapid and radical shift about how Wall Street sees Bitcoin(and cryptocurrencies in general) is strategical, due to an programmed upcoming event: Bitcoin Halving. By surfing the halving trend, investment funds could attire much more capital and as a consequence make much more profits. Remember, these companies are designed to make money from commissions and not from the assets they invest into.

In addition to this, a green light from the US S.E.C. would mean that these ETFs would be an attack to cryptocurrency’s intrinsic nature: the “crypto” principle would be at risk. If you trade an ETF share, you and the amount of Bitcoin you buy(via the share) will be linked. No more anonymity. What would be the job of Bitcoin at this point? It will be just another product of “The Street”.

Final Thoughts

To sum up, if Spot ETFs applications get approved Bitcoin’s price action could be easily be artificially manipulated with sharp movements both to the downside and upside. Also, Bitcoin’s supply would be concentrated in the hand of large institutional players, making the statement “a peer to peer electronic cash system” simply meaningless.

Otherwise, rejections could bring the real bleeding. I think that de-banking events will increase significantly: this could lead to no stablecoins redemptions and no more withdrawals in fiat currencies. The reality is that we give value to cryptocurrencies because they are linked with the real world via fiat currencies. The lack of the latter would be a collapse of cryptocurrency market.

Speculation Box

(1) What would happen if more shares are issued than the actual held Bitcoin reserves?

(2) Based on the recent launches and development of Central Banks CBDCs, what if Bitcoin was nothing else than a prototype for this kind of Digital Money?

Elon Musk announces crypto giveaway LIVE in celebration for twitter rebranding

https://www.reddit.com/gallery/158kppr

How will bitcoin act if a recession starts and stocks, realestate etc make new lows (a repeat of 2008).

Heres four reasons why bitcoin will not fall along side stocks and might even make new highs.

1) The halving is very close, a few months before the halving the world will be pricing it in and after the halving the supply shock will mean even if demand drops by 50% the price still wont fall because the supply has also dropped by 50%. If demand stays the same after the supply halves then the price can only rise.

2) The Blackrock ETF will add demand as it opens up the door for hedge funds to able to allocate easily for their clients, this should be approved before the halving.

3) During a recession that has issues regarding inflation and bank stability gold historically does well and this is what the coming recession is shaping up to look like. The silicon valley bank debacle and high inflation of 2022 were the opening act giving us clues as to what the main event will look like. We can expect a 2024 recession to be marked by an even bigger banking melt down and an even higher second wave of inflation, and if gold goes up we can expect bitcoin to follow suit as its digital safe haven equivelant.

4) Bitcoin is sitting closer to its lows than its highs while stocks and realestate are sitting back up near their all time highs. This should point to stocks and realestate having much more room to fall while bitcoin is so much lower than its all time high it appears to be a far better investment opportunity. If it isnt going down then it can only go sideways or up.

All of these factors combined should keep bitcoin from falling along side stocks and see it act much more like a safe haven from a recession marked by high inflation and a systemic banking crisis.

If good times return and stocks make new highs we can expect bitcoin to rise alongside them. If theres a recession instead and stocks crash we can expect bitcoin to perform like a safe haven on steroids due to the halving and ETF launch as it rises alongside gold.

Note: In either case crypto / altcoins will follow stocks. Meaning if theres a recession expect bitcoin to rise will the entire altcoin market crashes even further alongside stocks because altcoins are the equivelant of speculative penny stocks while bitcoin is the equivelant of gold.