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#BTC holds around $51K, bull run coming?#
5 Things to Learn About BTC Future Price From BlackRock's Bitcoin ETF Strategy
Not great start, but have patience
The decision from the SEC had been strongly anticipated for months ahead. The market has sought a spot Bitcoin ETF as a means to engage U.S. retail investors through an affordable, secure and regulated investment vehicle.
One month later, BTC price soars
The current Bitcoin surge is driven by growing interest from institutional investors such as BlackRock (BLK) and Franklin Templeton (BEN) in various exchange-traded funds (ETFs), with BlackRock’s leading IBIT contributing almost $500 million.
Current inflows
Inflows into prominent Bitcoin exchange-traded fund (ETF) products remain robust, with nearly $630 million added on Tuesday across various products. BlackRock's IBIT led the pack, bringing in almost $500 million, solidifying its position as the top provider among the 11 ETFs. Bitcoin ETF net inflows are surging, averaging over $500 million daily since Feb. 8, totaling more than $2 billion in the past four days.
Whales of Wall Street emerge
Wall Street's embrace of Bitcoin is evident as big financial firms race to tap into the crypto market. BlackRock's CEO, Larry Fink, and Cantor Fitzgerald's Howard Lutnick are among those expressing optimism about Bitcoin's future. Firms like Invesco, VanEck and Franklin Templeton are leveraging social media to show their support for Bitcoin, with tweets and profile updates reflecting their enthusiasm for the cryptocurrency.
Paus Wall Street muncul
Pelukan Wall Street terhadap Bitcoin terbukti ketika perusahaan keuangan besar berlomba untuk memasuki pasar kripto. CEO BlackRock, Larry Fink, dan Howard Lutnick dari Cantor Fitzgerald termasuk di antara mereka yang mengungkapkan optimisme tentang masa depan Bitcoin. Perusahaan seperti Invesco, VanEck dan Franklin Templeton memanfaatkan media sosial untuk menunjukkan dukungan mereka terhadap Bitcoin, dengan tweet dan pembaruan profil yang mencerminkan antusiasme mereka terhadap cryptocurrency. If you let it, this space can make you dumb
You can either use it to level up, learn about TA, investing strategies, terminology etc. Get experience on the most speculative and wild industry on the planet
Or you can allow it completely dominate your head space, with information overload daily and allow your memory or learning in other aspects of life to depreciate
There is thousands of opportunities in this space, there is simply no need to chase everything or think you can learn everything or even keep track of everything
What do you need?
- good network of individuals who contribute ideas (you also don’t have to investigate all)
- decent work ethic (find what works for you and hone that edge)
- manage time (the market isn’t going anywhere, you don’t need to be plugged in 24/7
- DCA/Accumulate slowly for long term (less pressure and time required)
- if really wanting to trade, keep trades infrequent with a better R/R for winning when you place them
- have other hobbies to pursue
- if having a family, always plan your crypto time so it doesn’t take over your family time (2hours before bed every day is better than from when you finish work to bed time plugged in)
🫡
Currently i am very hands off, patience for the macro bull trend and occasional trade!
Be an enjoyooor 😂 $BTC $ETH