As I promised you guys I am gonna give you a deep analysis of bitcoin and about what if ETF is confirmed so let’s start
So first of all what is ETF I asked you in my previous post but no one replied now the answer.
The full form of ETF is exchange traded fund
Which means the fund which means the a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold.
AND NOW WHAT IF ETF IS INTRODUCED IN BITCOIN
Is it gonna act like gold which many people are saying on the internet.
Let’s see the graph representation of gold and bitcoin 
So what you think about it let me now in comments section
Now what think 🤔
Is this gonna act like gold ???
Let’s compare some points between gold and bitcoin
- gold vs bitcoin
Gold is a commodity but bitcoin is a virtual currency
Gold is a money worth thing for almost 100% people. But in case of bitcoin it is not same there are many people who support bitcoin and also a people for don’t
And there are some more points which are in fever with gold while compared with bitcoin
Don’t consider me wrong I am a bitcoin believer
And it’s 💯 %sure that if ETF is confirmed we are going to see a sudden spike in price
But the point is that is this gonna sustainable at that price or it going to fall like last time.
There are many factors which affect the bitcoin price and these factors are going to work after ETF this gonna main factor.
ETF is not yet confirmed so be curious in my coming blog we discuss about more interesting topic like that if you want any topic comment in comments section thank you