📈 This week we have several key events that may affect the markets! 🌍
Here's my list of highlights and events I'm waiting for. The most important, however, is the start of the next earnings season, which is traditionally kicked off by the biggest banking houses in America.
The start of the week won't be very interesting, but things will get going onWednesday . In the US , we'll...
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BLK alone does not/will not have a big impact on BTC, along with it there are about 10 other funds interested in spot ETFs. They have a strong brand, but any reasonable person will go by TER, because there will be no other differences. Custody will be provided to them all by Coinbase, and the type of redemption given suggests to me that they want to withdraw as much "physical BTC" as possible from retail to limit its real use as money.
We have had futures for some time, even with pakha, so we only have a ring to create more derivatives to "artificially" inflate the limited amount of BTC issued into circulation.
Soon we may see an attempt to ban "unhosted crypto wallets" and, if it comes to it, excessive taxation, taxes on unrealized profits and similar monkeys.
These funds may help BTC to increase its legitimacy, but I think we could do without them, and in the end they may even damage the sector.