Why does the US want to control everything and everyone? So now they are coming after coinbase, the question is will this lead to significant increase or drop in the price of BTC. It will surely make an impact on BTC
Truth be told, there's high likelihood that if the #BitcoinETF is approved on friendly terms, a price rally of the Bitcoin will be seen. How long this will last is what cannot be determined.
However, if we are to choose between the initial crackdown and the oversight of BTC via the ETF, I feel the ETF approval is a better signal for the crypto market.
In fact, $BTC rose to 2-year record high of about 45k USD due owing primarily to positive signal of the #ETF approval.
Just that there's more to the approval especially in the medium to long term that crypto lovers must not overlook.
I say that again: the medium to long term impacts. :thinking:
