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We are living a very interesting moment. We are 30 days away from the SEC decision for an ETF, which the likelihood is evaluated as higher than 90% for approval, and about 4 months from the Bitcoin halving.
Everyone and their grandmothers have been trying to “front-run” the ETFs and immediately get scared because price went up too fast from $30K to $44K.
I think we are scared by the bear market… This last week Galaxy shared in their report that:
* Millennials will receive a transfer of wealth of $84 trillion in the next 20 years
* That it’ll likely result in $160-225bn of net new inflows into bitcoin & crypto.
* Meaning a $28m daily buying pressure..
On top of this, the numbers thrown around regarding the ETF approval are speculated to be around $3bn on day one according to some analysts..
And yet some people are waiting in the sidelines for the dip?
It truly was a hard bear market it seems. But there is a way to change this. If you are still bearish and on the sidelines, consider some bitcoin podcasts, or even just follow the [developments in the ecosystem.](https://bitcoinnewscom.substack.com/p/bitcoin-news-weekly-6)
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View Reddit by saulabrm – View Source
What makes you think ordinary people will benefit from this? The rich will become richer and McWagies will wagie
Most of it will be going to assisted living and nursing home facilities.
My dad left me a trailer full of trash for an inheritance. Best of luck to the rest of you!