The post Bitcoin’s ETF Boom: 30x More Impact Than Halving appeared first on Coinpedia Fintech News
Bitcoin is dipping in the face of record ETF inflows? All because FTX is back from the dead and sold over $1 Billion since GBTC was uplisted. And GBTC continues to be the turd in the punchbowl with its high fees causing additional sell pressure.
Despite the downturn, this Analyst has given a fresh breeze of Bitcoin’s 30X surge hope. This bold forecast has sparked a mix of excitement and skepticism within the cryptocurrency community, highlighting the inherently unpredictable nature of the digital asset market.
Here’s what it means for the market.
Adam Back’s Perspective on ETF Inflows vs. Halving Event
Adam Back, the CEO of Blockstream and a well-respected figure in the Bitcoin space, has chimed into the potential impact of Bitcoin exchange-traded fund (ETF) inflows compared to the upcoming Bitcoin halving on April 18th. According to Back, ETF inflows could have a staggering
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