Posted 12/27/2023, 7:24:00 PM
Bitcoin Rally Could Stall as ETF Hype Meets Reality
- Bitcoin may not see a "Santa Claus rally" this year due to hype around ETFs already being priced in
- Actual demand for Bitcoin ETFs could fall short of expectations, leading to a "sell the news" scenario
- Bitcoin's rise likely to resume once ETFs hit market, driving more institutional inflows
- Grayscale Bitcoin Trust chairman Barry Silbert resigned, replaced by Mark Shifke
- Crypto traders will start positioning for Bitcoin "halving" event in April 2024