Bitcoin (BTC) will not test “equivalent” price pools or “destroyed” bear markets, because ETFS has permanently reduced fluctuations and changed market dynamics, according to BlitWare BTC Mitchell Askew analyst.
“BTC/USD seems to be completely different voices before and after ETF”, analyst books Friday. The graph, which shared a sharp decrease in the fluctuation of prices after the launch of the ETF for Bitcoin ETF in the United States. The analyst said:
“The days of the equivalent bull markets and the destroyed bear markets have ended. BTC will go to one billion dollars over the next ten years through the fluctuation between the” pump “and” integration “. Everyone will carry to death along the road and the tourists call on their sites.”
Senior Bloomberg analyst ETF ERIC Balchunas books Reducing volatility has helped Bitcoin “attract the largest fish and give them a fight of adoption as a currency.” The analyst added that the barter is for this that it is possible that there will be no “candles of God.”
The effects of Bitcoin ETF on market dynamics are still discussing by market analysts, as the investment vehicle is intertwined to traditional financing, institutional investors and digital asset markets.
Related to: Robert Keusaki warns of the risks posed by BTC, Gold and Silver Etfs
Bitcoin etfs change the dynamics of the encryption market
Bitcoin ETFS is calculating the capital to traditional investment vehicles that currently lack normal redemption and keep money outside the chain.
This storage can prevent alternating capital to Altcoins, which the encryption investors expect from previous market courses.
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In July, net flows to Bitcoin’s investment funds crossed a mark of $ 50 billion, although the capital increase to Bitcoin did not translate into the increase of Onchain’s activity.
Retail investors turn into the investment funds circulating in Bitcoin and gain exposure through the traditional financial tools kept by another fund manager or financial credit on their behalf, instead of keeping BTC directly, according to analysts.
The demand for BTC and products such as Blockrock Bitcoin ETF led to the accumulation of the asset manager by 3 % of the total offer in Bitcoin, which raised concerns about centralization among some of the market participants.
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