Bitcoin starts to grow

What was about to happen was that Bitcoin, after having paused after ETF approval, began to grow significantly. On Thursday, February 8th, Bitcoin reached $45K and continued to move up. 

The first weeks after the approval of the ETF caused some confusion and even disappointment of investors. Bitcoin categorically refused to grow, even threatened to decline.

This seemed at least odd - the ETF was a long-awaited event, preceded by fierce legal battles, and for some time crypto-skeptics seemed to win, and Bitcoin-ETF would never appear in America. We remind that those wishing to release the ETF were opposed by the influential regulator US SEC. The position of SEC Chairman Gary Gensler was uncompromising - a categorical rejection of anything whatsoever related to the crypto business. Accordingly, the crypto community with the pause of heart expected the results of the confrontation. And here came the long-awaited victory, and... nothing happened. It’s like Bitcoin froze.

In fact, this behavior of the asset after the ETF is quite natural. Bitcoin growth was expected primarily due to the expansion of the audience. ETF enters traditional exchanges and attracts conservative investors who fear direct investment in cryptocurrency, 

However, once the ETF has been approved, it is not possible to get instant audience growth. It takes time to adapt. At the same time, growth "on emotions" has exhausted itself. As a result, uncertainty has arisen and the value of the asset has fluctuated around about $42K.

And yet, growth was inevitable. Investors solved technical issues and began to test the possibilities of a new asset. Today’s growth proved that the ETF has finally reached investors. 

With all the negative aspects, such attention to Bitcoin is extremely useful for the industry - new investments can be transferred to other crypto projects.

#BitcoinRise #ETFImpact #CryptoAdaptation #InvestorConfidence #BlockchainGrowth