The market anticipates a Bitcoin ETF to mirror Facebook's IPO trajectory

Janak9955

Jim Bianco, President and Macro Strategist at Bianco Research, LLC, has stated that the market response to a spot Bitcoin ETF is expected to be similar to Facebook's IPO in 2021.

In a recent interview with Real Vision, Bianco reviewed Facebook's IPO, one of the most anticipated IPOs in recent history, and compared it to the potential market behavior of Bitcoin.

Bianco mentioned that during the Facebook IPO, the company's stock was initially priced at $28 but then experienced a significant drop to $11, contrary to market expectations. He suggests that, following the approval of a spot Bitcoin ETF in the United States, Bitcoin might undergo a similar pattern. He is concerned that Bitcoin might initially experience a rebound in the days following approval, but the price could subsequently stagnate or even decline for a period.

Jatin255

It's worth looking into.

Yamini003

Not necessarily; it's a new and emerging phenomenon.

Ritu13

There might not be a ready-made trajectory to follow.