ETFs Are HERE!! Now WHAT?! Bitcoin Price Prediction (Ep 267)
Coin Bureau
00:00
The Listing of a Bit Coin Futures E T F Is the Watershed Moment
Because c m e's bit coin futures contracts are backed by cash, there is no buying pressure going on for b t c. If you were to blow a billion do s on a spot bit coin e t f, the company providing that e t f would have to go to a crypto currency exchange and buy one billion dollars of physical b t C. This would have a direct effect on the price of b t c because proches is buying actual b t c, not just pieces of paper with numbers on them. Another part of why b t cs price continues to rise has to do with the validation the bit coin futures listing gives to bit coin as an asset class. For a long time
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