Bullish on BTC. Tom Farley, former chairman of the New York Stock Exchange (NYSE), new owner of CoinDesk media, predicts a massive wave of investment in BTC, conditioned by the expected approval of a Bitcoin spot ETF by the SEC. What does this prospect mean for Bitcoin and for our ecosystem? We take stock.
The approval of a Bitcoin Spot ETF: the trigger
It was during an interview on CNBC that our crypto-evangelist of the day. Farley, with his expertise and experience at the NYSE, emphasizes that the period we are going through is important for the rise of Bitcoin. According to him, once the famous Spot Bitcoin ETF approved, money will flow into Bitcoin with “disconcerting ease.” »
Indeed, the potential approval of an ETF would be more than just news in the financial world; it’s a revolution. This ETF would allow investors to have a direct exposure to Bitcoinunlike products based on futures contracts.
Thus, the prospect of a sacrosanct Bitcoin spot ETF opens the doors to a flood of institutional investments. But, why are the big players now attracted to Bitcoin? The answer lies, again according to Farley, in the growing maturity of Bitcoin as an asset and in its recognition as store of value. Farley highlights this paradigm shiftwhere the queen of cryptos goes from a technological curiosity to a pillar of financial investment.
BTC, a store of value for the future
Farley sees BTC as a great inventiona store of value for the future. His enthusiasm for the long-term potential of Bitcoin is infectious. He perceives the queen of cryptocurrencies not only as a speculative asset, but as a fundamental component of modern finance. This vision is a powerful testimony to the growing legitimacy of Bitcoin among institutions and others financial tycoons, all addicted to the queen of cryptocurrencies.
“Everyone recognizes that Bitcoin is not a security, including regulators (…) Money will flow into the industry with a Bitcoin ETF, it’s just easy to buy (…) People believe in Bitcoin. Bitcoin is a great invention. It is a store of value. »
Note that if Farley’s predictions come true, the cryptocurrency market could experience a profound transformation. Approval of the ETF would mark a milestone in the institutional recognition of Bitcoin, potentially influencing other cryptocurrencies and perhaps even accelerating the adoption of blockchain technology on a broader scale.
Anticipation of SEC approval of a Bitcoin ETF, bolstered by optimistic statements from Farley and many other financial players, could well be a tipping point for Bitcoin. This represents an opportunity, but also a challenge for the cryptocurrency market. THE investors, whether institutional or individual, wait for the bull market and prepare for the bull run. But interest in the queen of cryptocurrencies among the majority does not yet seem to be there.