BlackRock Meeting With US SEC For Approval of Spot Bitcoin ETF
BlackRock has met third time with US SEC in the recent weeks for spot Bitcoin ETF approval. SEC has still not cleared its position regarding approval of spot Bitcoin ETF. SEC has to decide on January 15 weather it will approve or reject BlackRock's spot Bitcoin ETF application with a final dead line on 15 March.
BlackRock is not the only firm in this regard , there are a lot of other financial firms like Grayscale, WisdomTree, Bitwise, VanEck, , Invesco Galaxy, Hashdex and Fidelity looking toward SEC's decision.
As we know that it is one month remaining for SEC to make final decision , Bitcoin is already facing correction after hitting $44000. Now the question is will SEC approve BlackRock's application for spot Bitcoin ETF ? Thats is still difficult to answer correct as we dont know what garry is thinking about it.
One thing is clear that if SEC approves BlackRock's spot Bitcoin ETF application then other applications will also be approved without any issue. And this will send Bitcoin to the moon. We know that how Big news this is going to be.
Blackrock is a trillion Dollars asset holding firm which can easily make Bitcoin more valuable. This will flow billions of new investment into Bitcoin which will surely increase its price.
Lets hope that SEC approves all of the applications then we can celebrate grand party on our bags. Hopefully things will be in favour of crypto world.
Approval of Spot bitcoin ETF applications will not just push Bitcoin but also rest of the market to new heights because we know when bitcoin shows strength altcoins do follow up.
Similarly If we talk about Hive it will be worth much more than its current price. Keeping that in mind it is now the best time to buy because this could be the final dip which we may not see in the future. I was discussing all these possibilities with my local friend. He has same thought like me.
Alongwith Bitcoin there are few altcoins which i am bullish very much. These include Hive, ADA , ETH , BNB, ATOM, GRT and offcourse Leo and ZING are in my bags. My bags are not big but i am a holder of all these altcoins.
I Believe in the longterm holding rather than selling at short profits. Small profits will not take you anywhere so it is better to be in for longterm. Thats how you gonna make in crypto.
The best way to do this is to take motivations from the ones who have been holding from the early days of crypto. There are plenty of examples that you can view. Holding is not difficult when you believe in something. Those who believe in Bitcoin and bought 10 years ago are now rich.
We are still early, imagine where Bitcoin will be in next 10 years. Its still time to get involve and hold some solid gems. I bet you gonna love that in the coming years but thats possible only if you hold.
Thats it for today. Thanks
for reading. What do you think about my today's topic? Let me know your thoughts in comment section. In the end i would like to Wish you and your family a happy day ahead. Stay Blessed.
Motivation Dose
Get out of your comfort zone and fight the troubles and hurdles that come your way to success. Success awaits you.
Life is beautiful ، live it to the fullest. Dont be hopeless. Stand strong in the ups and downs of life as its part of life. There is always a light behind every dark side.
About Author
@coolguy222 is a crypto trader and content creator on hive blockchain. He also runs a small business of Mobile accessories and Wrist watches. He loves to make new friends.
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