Massive Ethereum Explosion Incoming – Developer Explains

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Bitcoin has seen an absolutely insane run in the last year or so it’s overd doubled in price in this time frame largely due to the Bitcoin ETF approval in the United States which is a historic unprecedented event for Bitcoin that people have been talking about for the

Better part of a decade comparing it to the gold ETF which corresponded to an insane explosion in the gold price thinking that things could happen exactly this way for Bitcoin and other crypto Assets Now things have cooled off slightly since the ETF launched but I believe this is just the beginning of

Something major but what about ethereum during this time you know ethereum has kind of lagged behind and people are wondering like is it dead what’s the upside potential for this asset well I believe we can see something very similar to happen for ethereum that can push the cryptocurrency well beyond its

Prior all-time high making it a mainstream asset held by many and so in this video I’m going to explain exactly why we could see a massive ethereum tsunami in the coming months and years I’m explain all this as a blockchain developer myself who works this technology on a daily basis and a

Longtime eth holder you know myself so if you’re new around here hey I’m Gregory and on this channel I turn you into a blockchain master so if that’s something you’re interested in then smash that like button down below and subscribe and if you want to take advantage of all the insane opportunity

Happening in blockchain right now the best way to do that is to double down on your technical skills and become a blockchain developer and I can sh to do that step byep for start to finish over at dap university.com booot Camp all right so let’s get into this

Let’s talk about the path for ethereum becoming a mainstream asset that can explode in price in the coming months and years so of course nothing I’m saying this video is is not to be Financial advice I’m not telling you to buy or son cryptocurrency Basel information I’m not a financial adviser

You should consult with one before you make any purchases but laying the foundation for this you know we seen what’s happened with the Bitcoin price in the last year it’s over doubled all right and one of the biggest reasons for this is because of the Bitcoin ETF

Approval in the United States so if you’re not familiar with the ETF basically it just stands for exchange traded fund and and the whole idea here is that you can buy Bitcoin uh with shares uh through traditional Financial ecosystem uh kind of like you buy an

Index fund or uh shares in Gold okay so if you go an exchange and you buy the GLD ticker you’re not actually buying gold you’re buying underlying shares and speaking of gold you know whenever it launched uh back you know in the early 2000s that corresponded with a massive

Runup in the gold price over the coming decade and so can the same thing happen for Bitcoin and more importantly the top of of this video ethereum so my view is yes here’s why so leading in charge with the ETF approvals in the United States is the major institutional asset manager

Black Rock okay this is a $10 trillion asset manager with nearly 100% approval rate for their ETFs and they further this track record by getting their Bitcoin ETF approved and I want to stress how absolutely Monumental this is because people have been talking about this for the better part of a decade

Okay it’s been a hot topic of conversation ever since I entered into the space in 2017 and it’s been a massive fight to get here and now it’s mainstream and the Bitcoin ETF approval or the anticipation of that approval has been one of the biggest reasons in my

View why we’ve seen Bitcoin overd double in price in the last year with a big parabolic run uh right before the approval date because we’ve seen uh you know multiple applications in the pipeline has really heated up in the last year with black rock throwing their

Name in the Hat and yes we’ve seen things kind of taper off and cool off around this approval deadline but I think it’s just the beginning and during this time you know ethereum has lagged behind but you can see a big jump in the price right after the Bitcoin ETF was

Approved and I believe one of the reasons for this is the anticipation of an ethereum ETF coming down the pipeline I think it’s very likely that we’re going to see one go live this year just like Bitcoin here’s why so just like Bitcoin did we have multiple applications in the pipeline for an

Ethereum spot ETF okay including Black Rock and if they continue with their near 100% success rate for approval uh then it’s very likely that it’s going to get approved so when could this happen well I think it’s going to happen this year so if you look at these they have

Approval deadlines for the SEC that’s who approves the ETFs and they have final deadlines and the final deadlines start in you know may of this year with many different entities who already have Bitcoin ETS approved and then down here you see black rock with their final

Deadline in August and so for my view the timeline for this is sometime in between May and August there’s a high chance it could happen in May but if it doesn’t then I still expect we’d see it happen by August and one thing that’s really important to understand here and

Why I think this is actually going to go through is that the basis for approving the ETFs is essentially the same as Bitcoin and the whole reason for that is this is a spot ETF where you’re actually buying uh shares that represent underlying Bitcoin and we already have something called Futures ETS we

Essentially betting on what the future price of the cryptocurrency is going to be and the fact that we already had Futures ETFs is one of the main reasons we got this spot ETF approved because uh DC Circuit Court finds that SEC acted arbitrarily and capriciously in disapproving the prior Bitcoin spot ETF

Applications and again I’m not a legal expert but the whole idea here was they’re saying look you already approved Futures ETF for this like you’ve you’ve got to you’ve got to approve the spot ETFs too and I think the same thing is going to happen for ethereum we already

Have the ethereum Futures ETFs and they’re probably going to have to approve spot ETFs for the same reason and if they do and their hand is forced then the final deadlines are coming up pretty soon and they’re all inside of 2024 sometime in the middle and so if

That assumption is correct and we do see these deadlines on the horizon we do see approvals uh what’s going to happen with the price okay so again you this is not zombie Financial advice nobody’s got a crystal ball but let me just kind of give you my thought process through it

So first of all we need to look forward to the approval deadline somewhere between you know May and you know August as our Anchor Point okay and if we look what happened with Bitcoin with these approval deadlines that’s when we saw the largest price appreciation was an an anticipation for this approval deadline

So I think it’s very possible that we see the same type of thing happen for ethereum or we start to see significant price performance ahead of these deadlines so in the next four months to 6 Seven 8 months as long as there’s no ETF approved yet and we see this

Deadline looming on Horizon there’s probably going to be people trying to front run this opportunity and catch that wave before it goes live how high the price is going to go you know nobody really knows for sure if the same thing happened to ethereum did Bitcoin it wouldn’t quite reach as all-time high

But it get pretty close but we do have the Bitcoin having coming up and if the entire crypto Market goes insane before that time then it could push well B is all-time high but either way I I think the direction is up especially assuming if we don’t have some type of like

Another apocalyptic event inside the crypto space or some big economic problem that causes all assets to take in value and so that makes makes me bullish for the coming months but what about after that okay well I think Bitcoin and ethereum both uh once ETFs are approved can actually be huge for

The price well why is that well the number one reason is incentives okay there’s a famous Charlie Munger quote that says show me the incentives and I’ll show you the outcome and I believe this is the number one reason so let me show you why so going back to Black Rock

Okay one of the leading players in this space with their ETS okay they have huge incentives to get their customers into these etss now I’m not exactly an expert in how their business model works but I do know that they make money off fees whether that’s through essentially

Selling people shares and ETFs once they purchase them or sell them all right uh and the possibility of ongoing management fees inside of that and so that’s going to be a big Revenue generator for them and so they have incentive to sell and keep assets under management that’s likely going to

Attract a large part of the capital that they control into these ETFs and therefore put by pressure on the assets and make them go up not only that now that they have these ETS approved they want them to be successful and that’s another reason why I think we’ll

Continue to see Capital flow into this space over the long term and don’t forget you know black rock is a $1 trillion asset manager just picture that okay the entire crypto Market at the time recording this video is about $1.5 trillion that’s six to seven times the

Entire crypto market cap so if you want to visualize that basically take a website like coin geo.com coinmarketcap.com and then just put six or seven different browser windows on your screen and visualize that it’s massive and even if a fraction of that money goes into

Crypto it will have a big impact on the price and so how does that shake out in the long term well I don’t think it’s just going to go up in a straight line okay often times the expectations can exceed reality especially in the short

Term and that’s one of my views as to why I think we’re seeing this short-term cool off in the markets but with these incentives that I’m talking about I think that it can cause the price to go up uh think about it this way you know

If they start off and they say like all right we got $10 trillion of assets or management let’s say we get just 20% of all those customers to actually convert into a 1% allocation okay and then we start upping that allocation to 2% to 3%

To 5% and then we get more of a share of all the customers invested in these products then that’s a long-term growth trajectory with steady increase over time not just a short flash in the pan price movement and again I don’t think it’s going to be a straight line up

We’ll probably still see some B volatility along the way but another caveat is you know if things go absolutely parabolic in the crypto space particularly if we break old all-time highs for something like a Bitcoin or ethereum we can see things go up in a straight line for a while okay basically

Just because crypto is a very reflective asset and when things break all-time highs they typically end up going bananas but if this does happen we’ll probably pay for it on the downside just like we’ve seen in the past but anyway slice it I believe there’s a bright

Future on the horizon for the ethereum price that the ETF is one of the main reasons for this and that they’re likely going to get approved sometime mid this year and that’s going to change the game for crypto as an asset class overall making it more mainstream including a

Massive price impact for Bitcoin and also more importantly ethereum which is the topic of this video so let me know what you think down in the comment section below are we going to see an ethereum ETF approved is it going to be this year will it be bullish for the

Ethereum price what about the long term I want to hear from you down in the comment section below and whenever you’re done make sure you smash the like button down below subscribe to this channel if you haven’t already and if you want to take advantage of all the crazy opportunity that’s happening in

Crypto right now the best way is to double down your technical skills and become a blockchain developer and I get you to do that stepbystep start to finish over adap university.com booot Camp you really don’t to be an expert to get started today I’ve help people with zero coding experience become real world

Blockchain developers in a matter of months so that’s all I’ve got until next time thanks for watching dap versus