We are just a few hours away from spot Bitcoin ETF approval. A couple of things for us to expect are as follows:
Historically, these events Trigger selling pressure on the CME Futures Market. Yes, selling pressure is usually the initial reaction to a new asset being added to the markets. We will see.
And, Standard Chartered Bank expects Market inflows to significantly increase for Bitcoin over the next two years.
These two triggers will increase the demand for Digital Asset Based Trading adoption. We have already heard of more ETFs being on their way to inclusion inside the market such as Ethereum and Ripple.
These trigger events will transition the market into a digital economy whereby new demands and new price actions on tokenized assets across every sector of the market will be revalued.
These new tokenized assets regulated by new Basel 3 requirements on January 16th, 2024 will be standardized through protocol 20 (January 30th) as the green light is given for Quantum Technologies to form new networks on our Global markets.
© Goldilocks
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