Black Rocks US spot ETF will be the closest equivelant to bitcoins IPO.

I cannot say a spot ETF will be bitcoins IPO (initial public offering) moment because there are many differences between a spot ETF launch and an IPO. However, a spot ETF will be the closest equivelant to an IPO for bitcoin.

This is because it will be the first time anyone with a brokerage account can buy bitcoin with one click, and the exact same thing happens with an IPO.

Most of time after an IPO there is whats called a whipsaw effect where the price pops massively then dumps hard before obtaining relative stability. Then the subsequent years usually see a massive increase in valuation. That is what I expect to happen upon the launch of a spot bitcoin ETF.

Add to this the effects of the halving and you have an environment where the newly issued supply of bitcoin will be cut in half right as bitcoin is having the closest thing to its IPO moment. This could create fireworks over 2024 and 2025.

The spot ETF is a big deal because it is the closest equivelant to bitcoin having an IPO. Everyone who invested pre ETF is like an early investor in a private startup, and everyone who invests after the ETF launch is like an investor buying a stock after its IPO.

It could almost be said that each halving was a funding round up until now. 2009 was when bitcoin was founded and had its first seed funding round. The 2012 halving was bitcoins series A funding round. The 2016 halving was bitcoins series B funding round. The 2020 halving was bitcoins series C funding round. And the 2024 halving is bitcoins IPO.

Congrats to everyone who invested in bitcoin before the ETF launch, you are the equivelant of angel investors for bitcoin and just like angel investors you will be rewarded magnificently for it.

Submitted October 01, 2023 at 01:59PM by slvbtc https://ift.tt/oTWSrFL