{"id":22385,"date":"2023-07-19T09:42:40","date_gmt":"2023-07-19T09:42:40","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/how-a-bitcoin-etf-could-ignite-the-crypto-market-according-to-raoul-pal\/"},"modified":"2023-07-19T09:42:40","modified_gmt":"2023-07-19T09:42:40","slug":"how-a-bitcoin-etf-could-ignite-the-crypto-market-according-to-raoul-pal","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/how-a-bitcoin-etf-could-ignite-the-crypto-market-according-to-raoul-pal\/","title":{"rendered":"How a Bitcoin ETF Could Ignite the Crypto Market, According to Raoul Pal"},"content":{"rendered":"

(Originally posted on : Crypto News – iGaming.org )<\/b>
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In a recent interview, Raoul Pal<\/a>, CEO of Real Vision, said to foresee a swift surge of capital into cryptocurrency markets following the approval of a Bitcoin (BTC) spot exchange-traded fund (ETF). The ex-Goldman Sachs executive pinpointed how the acceptance of a BTC ETF could sync with an increasingly vibrant crypto market.<\/p>\n

When momentum is on the side of the market, he says, investors will rush towards Bitcoin<\/a>, eyeing the chance to gain from a potential surge to record highs.<\/p>\n

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\u201cLet\u2019s be clear, the Bitcoin ETF won\u2019t make much difference if the market lacks momentum. However, if the market is heating up, the ETF approval could create a vacuum that draws in Retail Assets Advisers (RAAs), individual investors, pension plans, and more from the United States. As it happens, we are in the middle of a \u2018crypto spring\u2019, where things are beginning to heat up considerably. The sound of FOMO (Fear Of Missing Out) we\u2019ve been hearing in the background is now becoming a thunderous roar, which will attract even more investors.<\/p>\n

Assuming the trend continues, and Bitcoin reaches $40,000 when the ETF gets the green light, we might witness a frantic rush. People are aware of the cyclical nature of this asset and the huge returns it can potentially offer when the cycle turns. For those not currently invested in the market, the Bitcoin ETF will add an extra allure,\u201d explained Pal.<\/p>\n

Pal goes on to indicate that the influx of funds into Bitcoin could have a knock-on effect, propelling other digital assets as people sell off their BTC profits and reinvest in other cryptocurrencies, such as non-fungible tokens (NFTs).<\/p>\n

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\u201cThis is a very positive development. When this fresh capital, say $10 billion or whatever it may be, enters the market through the ETF, people will begin to take profits on their original Bitcoin investments. These profits will likely be reinvested in ETH, Solana, or other cryptocurrencies. Before you know it, this money will recycle into NFTs, because all these digital assets essentially form a separate global economy. This economy comprises smaller economies like ETH and Bitcoin. When you inject new foreign direct investment into an economy, it typically leads to a boom. And that\u2019s exactly what I anticipate happening,\u201d predicted Pal.<\/p>\n

At time of writing, Bitcoin is moving slightly upwards again and is trading at $30,086 per coin, according to CoinMarketCap data, following news that U.S. Presidential Candidate RFK is planning to include Bitcoin<\/a> in his debt-control strategy and more.<\/p>\n<\/p><\/div>\n

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(Originally posted on : Crypto News – iGaming.org ) In a recent interview, Raoul Pal, CEO of Real Vision, said to foresee a swift surge of capital into cryptocurrency markets following the approval of a Bitcoin (BTC) spot exchange-traded fund (ETF). The ex-Goldman Sachs executive pinpointed how the acceptance of a BTC ETF could sync […]<\/p>\n","protected":false},"author":5,"featured_media":22386,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[34],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22385"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=22385"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/22385\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/22386"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=22385"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=22385"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=22385"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}