Justin Sun's Bold Prediction on Bitcoin ETF Approval

Image Credit: ABMCrypto Jan 12, 2024 By: Bhumi Shrivastava

Founder's Vision

[{"selector":"#anim-ca4490a7-3213-4d07-90e6-935e2a9ec458","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-a00fd70a-2709-474a-a9a2-a593ac7d608a","keyframes":{"transform":["translate3d(-115.68628%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e6417471-ffcf-49bd-ac91-d91a48c66d25","keyframes":{"opacity":[0,1]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ac843f6c-9343-4416-84ed-ff76ee1ac85c","keyframes":{"transform":["translate3d(-114.95328%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-f736b69c-8d20-49fd-ab03-e0e24d805cfe","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-6450e344-182d-4140-b0a9-66b45edc695a","keyframes":{"transform":["translate3d(-95.07389%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-dc580ae4-38ec-46cf-a488-f43ca84008e5","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-041e2231-b9e5-4e47-95a3-f5232308a1e8","keyframes":{"transform":["translate3d(-154.2735%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Tron's Justin Sun foresees unstoppable crypto trend with the approval of spot Bitcoin ETFs in the U.S. Image Credit: Coindesk

Modest Market Reaction

[{"selector":"#anim-0c588027-00b3-4624-88ec-46f6ad4203da","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-12010621-dcfd-43f5-9e52-4bf38002548f","keyframes":{"transform":["translate3d(-114.90684%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-49376b71-4483-4757-8852-013a2f2c512e","keyframes":{"opacity":[0,1]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-ca7a026b-c7d4-484f-b479-615e0533ee3e","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e6f31001-0f97-4490-a713-4b4aea0deb0e","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e4983b15-2b77-41d9-a37e-20d621319230","keyframes":{"transform":["translate3d(-97.25%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-e5cab37d-7f99-4870-a32b-ad7e2725baa5","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-460de083-8641-4b4c-96e8-72144ea20c52","keyframes":{"transform":["translate3d(-175%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] Despite approval, Bitcoin sees a 2.41% increase, standing at $46,740, prompting cautious optimism. Image Credit: The Conversation

Analyst's Take

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Winners in ETF Race

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Spot vs. Futures

[{"selector":"#anim-f985b65c-7642-4910-9481-afc252fa983f","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-97f52b73-d75f-4cf8-a1bf-1300b2ef9ce1","keyframes":{"transform":["translate3d(-115.43409%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b7ccdb93-cb75-4db3-8ca0-074da6351ee5","keyframes":{"opacity":[0,1]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b8ce7127-a239-44e4-b175-93a6661f1a33","keyframes":{"transform":["translate3d(-115.18988%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":300,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-b8a3f2d9-e76e-4c1d-ad57-898aec364c20","keyframes":{"opacity":[0,1]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-243c75d8-a0ec-4df2-b891-d03ecb667b3d","keyframes":{"transform":["translate3d(-79.83368%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":500,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1e690160-0978-42d0-bb7f-1d26e3751d21","keyframes":{"opacity":[0,1]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] [{"selector":"#anim-1b796c54-1afa-4bd0-8a80-fb3d896f0404","keyframes":{"transform":["translate3d(-141.08528%, 0px, 0)","translate3d(0px, 0px, 0)"]},"delay":0,"duration":800,"easing":"cubic-bezier(0.2, 0.6, 0.0, 1)","fill":"both"}] The approved spot ETFs, holding actual Bitcoin, mark a milestone in contrast to previously authorized Bitcoin futures ETFs. Image Credit: Crypto News

Post-Approval Adjustments

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Global Influence

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