God candle

Yesterday the cointelegraph falsely posted that the BlackRock Bitcoin Spot ETF was approved. Within minutes Bitcoin was worth 2000 USD more. Eventually the fake news was spotted, and it fell back to its previous levels again, after almost hitting 30k!

This was in my opinion a great way to see what will happen if thr first Bitcoin ETF gets approved. In my opinion we we will immediately go to an all time high again, within hours. It is just a matter of mathematics. If 500 million USD floods into the BTC market with not enough liquid BTC to sustain that, it is just a question how high it will actually go. Today, I saw a prediction of 340k and I wouldn’t be surprised if that becomes a truth.

But what with the altcoins?

Will Hive surf the Bitcoin wave?

That is the million dollar question, I know. I don’t think Hive will rise at the same rate as Bitcoin, most altcoins won’t. But, the Bitcoin market will become so saturated that altcoins and Hive of course will become more interesting to investors. Automatically upping the price. With BTC at 250 or 300k, people will look elsewhere for bigger profits. And there Hive comes into play. Now is the time to make our blockchain interesting for investors, and for plain blockchain users. It is money time! More than ever!

Sincerely,

Pele23