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Blackrock and Fidelity's marketing potential

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by COINS NEWS 65 Views

After reading quite a few posts that 'this time is different' concerning the bitcoin halving and how price may not explode like previous occasions, although I disagree with this thesis as it just sounds like just an obtuse point of view, I thought I would approach it as being true and if true, what fundamentals could cause bitcoin to break the ATH level without the halving taking place and causing a supply shock?

So one angle I thought not many 'analysts' and the like are not looking at is the power of marketing of all these companies that may/likely? get their ETF approvals in February.

Firstly looking at Blackrock. It seems that they (not surprisingly) are at the forefront of marketing strategy with a lot of focus on social media marketing utilising 800 companies that are partners with them around the world. https://iide.co/case-studies/marketing-strategy-of-blackrock/.

Fidelity spend on average over $100 million in advertising over the last few years.

So surely, once the Bitcoin ETFs are approved there will be a massive influx of money dedicated to advertising the new Bitcoin ETFs and then flowing through the entire crypto market even if a halving situation has no effect.

Also looking since the first gold ETF in 2003 in Australia, the price of gold nearly 4Xed from $550 to its top to $2300 in 2011. This is also involving an asset that doesn't have a scarce supply and a faster rate of liquidity like BTC has.

I really think many are underestimating and overlooking the potential price impact the spot ETFs can be on BTC and the overall crypto market. Also not even mentioning the Ethereum ones.

submitted by /u/ShotCryptographer523
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