Everybody is talking about ETFs, but I don't believe that they will be the fuel for the next price rise. As Bitcoin moves further towards being a store of wealth, and merchant adoption increases as secondary services like the lightning network stabilise, they seem more likely to trigger the increase in value. The price of Bitcoin seems to be cyclic, and to add a zero to the price every two years. I think we have missed the chance in the current cycle, but the one due in the summer of next year looks to be on target. Will the current enhancements arrive in time to fuel the next parabolic price increase?
ETF's can be a game changer but I think it is just a bonus for me as we all know how Bitcoin grow that fast from it's existence until now. I think Bitcoin with privacy and merchant adoption could fuel the next price rise in a natural way. Some people believe ETF's cmay change the story but for me it is just a bonus factor that might give a little rise of prices as we all know that this asset is a community driven one.
