- Nov 12, 2012
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That is just my personal opinion.
Bitcoin sits at $70,000 and the alts are not following at all.
BTC ETF got approved, now Ethereum ETF passed the first hearings and the first flows should happen within the next weeks.
But nothing sensational really happened with the BTC ETF approvals (price-wise), and it almost didn't make a taint with Ethereum.
The price has been consolidating for a while, everyone is expecting huge money to come in from all sorts of institutions but Blackrock, Sailor, and everyone already have their hands in the pie... Where should this money exactly come from that kicks off all the alts?
Even if Bitcoin hits around $100,000 that's just a bare 50% rise from where we already are.
What are you even talking about ? BTC is almost at ATH and without any fuss at all even.
And a bare 50% ? 50% in market value is a LOT ...
The days where you can get 1000x returns and make 10k out of 10$ is over.. big institutions play different rules - expect more of boosted normal market movements and forget about the old pump and dump schemes... new players new game..