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A Bitcoin ETF Could Be The Catalyst To 100K+

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1 month ago

The first US Bitcoin ETF will start trading tomorrow morning in the stock market. While this is a future ETF and not a direct ETF, I believe this could be the catalyst that sends us to 100K and beyond. Let’s talk about why.

https://youtu.be/J2TxaQB5scE

While there have been trusts in the US and there have already been ETH and BTC direct ETFs here in Canada, the US had previously been slower to adopt crypto ETFs. But now with ProShares getting the first crypto related ETF in the US, they are setting a precedent for future ETFs to get approval as well.

 

While a futures ETF is much riskier than investing directly into the asset, it’s still a great start from a regulation standpoint. That being said, I don’t think it’s a good investment and you should always buy crypto directly unless you get some benefit from investing through the stock market like we do here in Canada with a tax-free savings account.

 

Why this is a big deal though is because this will bring a lot of new money into Bitcoin, this will open the gates for many more ETFs and significantly more money to come in, and most importantly, it will likely get us past the previous all-time high for Bitcoin.

I believe once we pass Bitcoin’s all-time high, we will see the huge run up we have been waiting for this year in line with the Bitcoin halving cycles and the stock to flow model.

 

I will be following this all very closely and am prepared to sell a large portion of my portfolio. For the past 4 years I have been based my investing strategy largely around the halving cycles. The only concern is that this could be treated as sell news. However, I think it’s much more likely to be a buy event given the amount of money that will come in from people investing in the ETF.

 

My recommendation for the next little while is to be very vigilant and to have written out your exit plan strategy and to stick to it and do not let your emotions get in the way. Depending on your timing, it could be the difference of a huge chunk of your portfolio. Remember the last run up in 2017 went from $1,000 to $20,000 during that year, but the majority of the run happened within a small timeframe going from around $8,000 to $20,0000 in under a month. These run ups happen fast and end fast, so be paying attention.

 

Do you have an exit plan for crypto? What price do you aim to sell at? Has Bitcoin hit its peak for 2021? Where is the crypto market headed? Let me know what you think about this in the comments below and don’t forget to subscribe!

 

*Disclaimer: This is not financial advice and is purely for entertainment purposes. What you see, hear, or read is my personal opinion, and any statements made are based on my views and should not be misconstrued as fact. My crypto portfolio may or may not be simulated*

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Comments

This very interesting and excellent article.

$ 0.00
1 day ago

I said right around the time of the hype of this announcement and of course reaching the new ATH that the momentum would be based on the hype, but BTC would drop back down very soon afterwards, and drop it did.

I still think ultimately new ATHs are certainly in store for the coin, and that developments such as the ETF are good things, what will ultimately drive the price of Bitcoin will be fundamentals more than anything.

Meanwhile, I am still a buyer, so there's that.

$ 0.01
1 month ago

Your business idea isn't a bad one tho, but if I have to follow what you said, I must also be a professional just like you are

$ 0.01
1 month ago

After the news spread that Bitcoin ETFs will be traded this week, Bitcoin is approaching its historic peak in April...it will definitely rise above the peak it saw in April.

$ 0.01
1 month ago

I think bitcoin really rise up. Lets just wait, maybe now is not yet the right time.

$ 0.01
1 month ago

I first learned of this in your cos.tv video, after that I went here so i can read your amazing article about it. Great job as always Scoot!

$ 0.01
1 month ago

Wow Bitcoin large cryptocurrency now...

$ 0.01
1 month ago

Nice article friend.. As the price of BTC is around $64,346 right now I think it is still a better time for BTC holder to sell since it is getting bullish at the moment. My little understanding about BTC is that you buy when it is bearish and then you sell it when it is getting bullish. If you think you're still making your profit and you are able to predict the next move of BTC I don't think you need an exit plan for now.

$ 0.01
1 month ago

This is not the ETF everyone has been waiting for.It is based on futures contracts, not the real price

$ 0.01
1 month ago

Nice content from you, I am beginner in fintech things, BTC is blowing up my mind, everyday I think about investing in it. I have seen some kinda meme that in 2003 1% people were using internet, and in 2021 its around 80% people using internet and same with the bitcoin now.. Already started trading on https://www.exness.com/ , messing around with cheap options, not rushing it you know. What do you think about usual investing vs trading?

$ 0.01
1 month ago

it's nice to read your article, I just saw something about BTC

$ 0.01
1 month ago

excellent article for those of us who want to start in this world! Cheers

$ 0.00
1 week ago

I think bitcoin truly ascend. Lets simply stand by, possibly now isn't yet the ideal time.Nice content from you, I am novice in fintech things, BTC is exploding my psyche, regular I ponder putting resources into it.

$ 0.01
1 month ago

I wish i got the BTC buy the year of 2017 that BTC was $1,000 and i hold it. Hope till now 2021 i will be a rich person now but i believe it time. We will make it too

$ 0.01
1 month ago

Nice going through this article At least have learned one thing from it

$ 0.01
1 month ago

Am a beginner In BTC and I found it to be interesting

$ 0.01
1 month ago

Nice article sir Scott 😁 I always love your information that you shared everyday😁 my BTC account still empty hehe

$ 0.01
1 month ago

Nothing is tax free in the u.s. unless you are super rich.

$ 0.01
1 month ago

You need to be a professional just to follow in his footsteps Nice one

$ 0.01
4 weeks ago

Its really great. I am fully satisfied by reading it. Your selection of words is good. Your knowledge is superb. I rate this with 5 stars. This can help us a lot. Carry on your efforts.

$ 0.00
3 weeks ago

To follow in his footsteps, you must be a professional. This is a good one.

$ 0.00
2 weeks ago

I am glad you wrote this because I just saw something about ETFs and made a mental note that I was going to do more research. Bookmarking this article.

$ 0.01
1 month ago