RATE Group | Crypto Investors Dream of Trillion-Dollar Market Cap Amidst Bitcoin ETF
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Crypto Investors Dream of Trillion-Dollar Market Cap Amidst Bitcoin ETF

12 Aug Crypto Investors Dream of Trillion-Dollar Market Cap Amidst Bitcoin ETF

Posted at 02:37h in Bitcoin News by

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Amid the seemingly inevitable SEC decision on the Bitcoin ETF, some are wondering if a trillion-dollar market capitalization is within reach.  

Amidst a year of ups and downs, investors and enthusiasts alike are eagerly awaiting the decision on the SEC’s Bitcoin 00 ETF. Some are hopeful that the ETF will boost markets while allowing Bitcoin to reach the coveted trillion-dollar market capitalization.

Medium’s Karim Heiden remains adamant that it will take several steps to achieve this goal:

There is a blueprint for a trillion-dollar market cap, but its basis doesn’t lie in historic events. It lies in future implications.

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For many investors, the ETF approval is a major hurdle to cross on the way to a trillion-dollar cap. Last week, Bitcoinist reported that SEC commissioner Hester Pierce stated that there is “[…] no reason for us to not allow this product to go ahead.”

[...] but the fact of the matter is: an ETF approval on its own is like a red cloth for a bull — excuse the pun. Why? Because an ETF approval automatically means that the price will skyrocket. It sounds overtly simplistic.

Heiden, a business developer at TradingRoomApp questions what it takes to extend a 100…

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