Close Menu
Ztoog
    What's Hot
    Gadgets

    Save up to $70 on PuroAir HEPA Air Purifers at Amazon right now

    Mobile

    What is Google’s Enhanced Safe Browsing?

    Mobile

    AMD announces Radeon RX 7800 XT and 7700 XT graphics cards

    Important Pages:
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    Facebook X (Twitter) Instagram Pinterest
    Facebook X (Twitter) Instagram Pinterest
    Ztoog
    • Home
    • The Future

      JD Vance and President Trump’s Sons Hype Bitcoin at Las Vegas Conference

      AI may already be shrinking entry-level jobs in tech, new research suggests

      Today’s NYT Strands Hints, Answer and Help for May 26 #449

      LiberNovo Omni: The World’s First Dynamic Ergonomic Chair

      Common Security Mistakes Made By Businesses and How to Avoid Them

    • Technology

      Gemini in Google Drive can now help you skip watching that painfully long Zoom meeting

      Apple iPhone exports from China to the US fall 76% as India output surges

      Today’s NYT Wordle Hints, Answer and Help for May 26, #1437

      5 Skills Kids (and Adults) Need in an AI World – O’Reilly

      How To Come Back After A Layoff

    • Gadgets

      8 Best Vegan Meal Delivery Services and Kits (2025), Tested and Reviewed

      Google Home is getting deeper Gemini integration and a new widget

      Google Announces AI Ultra Subscription Plan With Premium Features

      Google shows off Android XR-based glasses, announces Warby Parker team-up

      The market’s down, but this OpenAI for the stock market can help you trade up

    • Mobile

      Microsoft is done being subtle – this new tool screams “upgrade now”

      Wallpaper Wednesday: Android wallpapers 2025-05-28

      Google can make smart glasses accessible with Warby Parker, Gentle Monster deals

      vivo T4 Ultra specs leak

      Forget screens: more details emerge on the mysterious Jony Ive + OpenAI device

    • Science

      Do we have free will? Quantum experiments may soon reveal the answer

      Was Planet Nine exiled from the solar system as a baby?

      How farmers can help rescue water-loving birds

      A trip to the farm where loofahs grow on vines

      AI Is Eating Data Center Power Demand—and It’s Only Getting Worse

    • AI

      The AI Hype Index: College students are hooked on ChatGPT

      Learning how to predict rare kinds of failures | Ztoog

      Anthropic’s new hybrid AI model can work on tasks autonomously for hours at a time

      AI learns how vision and sound are connected, without human intervention | Ztoog

      How AI is introducing errors into courtrooms

    • Crypto

      GameStop bought $500 million of bitcoin

      CoinW Teams Up with Superteam Europe to Conclude Solana Hackathon and Accelerate Web3 Innovation in Europe

      Ethereum Net Flows Turn Negative As Bulls Push For $3,500

      Bitcoin’s Power Compared To Nuclear Reactor By Brazilian Business Leader

      Senate advances GENIUS Act after cloture vote passes

    Ztoog
    Home » Crypto Founder Predicts 30% To 40% Bitcoin Price Correction If SEC Approves ETF
    Crypto

    Crypto Founder Predicts 30% To 40% Bitcoin Price Correction If SEC Approves ETF

    Facebook Twitter Pinterest WhatsApp
    Crypto Founder Predicts 30% To 40% Bitcoin Price Correction If SEC Approves ETF
    Share
    Facebook Twitter LinkedIn Pinterest WhatsApp

    BitMEX co-founder, Arthur Hayes, has printed a weblog submit predicting a particular value correction for Bitcoin following the introduction of the extremely anticipated Spot Bitcoin ETF. 

    Bitcoin Price Correction Forecast

    The former chief govt officer of BitMEX, Hayes has shared worthwhile insights on the potential value impression for Bitcoin following the approval of Spot Bitcoin ETFs by the United States Securities and Exchange Commission (SEC).

    According to Hayes’s evaluation, Bitcoin is projected to expertise a 20% to 30% value correction by March 2024. The crypto change founder warned that the correction part might be comparatively steep if there’s a substantial surge in merchants’ curiosity in Spot Bitcoin ETFs. 

    “I expect Bitcoin to experience a healthy 20% to 30% correction from whatever level it has attained by early March. The washout could be even more severe if the slate of US-listed spot Bitcoin ETFs has already commenced trading,” Hayes defined.

    Bitcoin barely under the $44K stage at the moment. Chart: TradingView.com

    In the weblog submit, Hayes additionally predicted a 30% to 40% correction in Bitcoin’s value if the worth of the cryptocurrency surges to its earlier all-time excessive in 2021. 

    “Imagine if the anticipation of hundreds of billions of fiat flowing into these ETFs at a future date propels Bitcoin above $60,000 and close to its 2021 all-time high of $70,000. I could easily see a 30% to 40% correction due to a dollar liquidity rug pull. This is why I cannot buy Bitcoin until these March decision dates have passed,” the crypto change founder said. 

    Potential Impacts Of Spot Bitcoin ETFs 

    A crypto fanatic on X (previously Twitter) has said that the introduction of Spot Bitcoin ETFs would have a long-term impact on the crypto area. This might embody the anticipated rise in Bitcoin’s value as many analysts predict Bitcoin’s worth reaching unprecedented heights following the approval of Spot Bitcoin ETFs by the SEC. 

    As somebody who used to spend all day day-after-day promoting ETFs and different monetary merchandise to conventional cash managers of all sizes and shapes, I can promise you one factor

    Even if bullish, most of you’re drastically underestimating the long-run impression of crypto ETF approvals

    — Caitlin Cook 👁️👄👁️ (✖️,✖️) (@DeadCaitBounce) January 4, 2024

    “As someone who used to spend all day every day selling ETFs and other financial products to traditional money managers of all shapes and sizes, I can promise you one thing. Even if bullish, most of you are drastically underestimating the long-run impact of crypto ETF approvals,” the X person said. 

    In distinction, crypto buyers like Author Hayes disclosed beforehand that the launch of a Spot Bitcoin ETF might have a probably detrimental existential affect on Bitcoin, notably if ETFs garner extra consideration from buyers. 

    While there are differing views on the impression of Spot Bitcoin ETFs on Bitcoin, the ultimate choice on its launch continues to be pending. The SEC is slated to disclose its verdict on the approval of Spot Bitcoin ETF functions by Wednesday, January 10, 2024. 

    Featured picture from Shutterstock

    Share. Facebook Twitter Pinterest LinkedIn WhatsApp

    Related Posts

    Crypto

    GameStop bought $500 million of bitcoin

    Crypto

    CoinW Teams Up with Superteam Europe to Conclude Solana Hackathon and Accelerate Web3 Innovation in Europe

    Crypto

    Ethereum Net Flows Turn Negative As Bulls Push For $3,500

    Crypto

    Bitcoin’s Power Compared To Nuclear Reactor By Brazilian Business Leader

    Crypto

    Senate advances GENIUS Act after cloture vote passes

    Crypto

    Is Bitcoin Bull Run Back? Daily RSI Shows Only Mild Bullish Momentum

    Crypto

    Robinhood grows its footprint in Canada by acquiring WonderFi

    Crypto

    HashKey Group Announces Launch of HashKey Global MENA with VASP License in UAE

    Leave A Reply Cancel Reply

    Follow Us
    • Facebook
    • Twitter
    • Pinterest
    • Instagram
    Top Posts
    Gadgets

    The best cameras under $1,000 in 2023, according to experts

    We could earn income from the merchandise obtainable on this web page and take part…

    AI

    Google Researchers Unveil ReAct-Style LLM Agent: A Leap Forward in AI for Complex Question-Answering with Continuous Self-Improvement

    With the current introduction of Large Language Models (LLMs), the sphere of Artificial Intelligence (AI)…

    AI

    It’s easy to tamper with watermarks from AI-generated text

    AI language fashions work by predicting the following possible phrase in a sentence, producing one…

    Mobile

    5 Android apps you shouldn’t miss this week

    (*5*)Welcome to the 497th version of Android Apps Weekly. Here are the massive headlines this…

    Science

    Smithsonian unveils Bennu astroid sample from NASA’s OSIRIS-REx mission

    On November 3, the Smithsonian’s National Museum of Natural History debuted a bit of the…

    Our Picks
    AI

    Combining next-token prediction and video diffusion in computer vision and robotics | Ztoog

    AI

    What to expect from the coming year in AI

    Crypto

    Aave Companies rebrands to Avara and acquires crypto wallet Family to expand its web3 reach

    Categories
    • AI (1,492)
    • Crypto (1,753)
    • Gadgets (1,804)
    • Mobile (1,850)
    • Science (1,865)
    • Technology (1,801)
    • The Future (1,647)
    Most Popular
    AI

    Language to quadrupedal locomotion – Google Research Blog

    Technology

    Kenyan tech workers call out US Big Tech for ‘modern-day slavery’

    Crypto

    Analyst Thinks Ethereum Will Explode To $15,000, Cites Favorable Technical Formation

    Ztoog
    Facebook X (Twitter) Instagram Pinterest
    • Home
    • About Us
    • Contact us
    • Privacy Policy
    • Terms & Conditions
    © 2025 Ztoog.

    Type above and press Enter to search. Press Esc to cancel.