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It sure seems like a massive coincidence that the bull run is set to start in 10 months to a year and at the same time BlackRock's ETF is set to be approved in exactly the same time frame which they filed at a market low. They're either very lucky or very

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by COINS NEWS 46 Views

The Bitcoin halving is set to occur in 10 months. After the halving we often get a strong bull run, however it tends to take a few months for the effect to really take place. This means we're looking at at least a year if not a bit over a year before the bull run starts. And very coincidentally, Blackrocks ETF is set to be approved exactly in that timeframe just before the bull run starts.

Ryan Radloff, chief executive officer of CoinShares, which has a bitcoin ETF listed in Sweden, estmated that it might take nine months to a year for the SEC to approve a bitcoin ETF. Matt Markiewicz, managing director at Innovation Shares, suggested a timeframe longer than 12 months. The SEC in reality will take whatever time they need, but these two individuals as well as others all settle on a expectation of around 1 year. I am also fairly sure that even if the bull run magically came sooner, the SEC would somehow find a way to accelerate dear old BlackRock's ETF time for approval.

submitted by /u/OneThatNoseOne
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