Thread by @news_of_bsc

Our cofounders @GoonTrades & @kcryptoinvest will wrap up this week's market rally!

Set a reminder for our jam-packed conversation that will start in 20m at 4:30 PM UTC.

👉

#BSCNews #BSC #DeFi

We're live with our Cofounders @GoonTrades & @kcryptoinvest! Come join for the weekly recap!

"The Bitcoin ETF coming is a futures ETF. I've read some of the comments why the SEC won't do a physical ETF. There has to be a custody to buy and share the Bitcoin. So what if someone hacks the ETF?" @kcryptoinvest

@kcryptoinvest "Bitcoin's market cap is almost one trillion dollars. If there is a ton of pent-up demand for this ETF and Bitcoin in the US, Bitcoin could not be ready for that demand. Would the price jump from $50,000 to $1 Million?" - @kcryptoinvest

"This ETF is a way to release the demand pressure for people who don't wanna open a @coinbase account. This is a nod of approval to the industry to those who have been waiting for this type of recognition," @kcryptoinvest

"I think that nod of approval is most important. I think overall for the sector it has been legitimized," @GoonTrades

"For the #Bitcoin charts, I think what we're getting with Bitcoin is something of a gamma squeeze. We've had a ton of people making shorts who could have to close very soon," @GoonTrades

"The $1 billion injection by @binance , this is the largest ecosystem fund in history. Seeing Binance Smart Chain back up the growth of users and means #BSC DeFi is here to stay," @GoonTrades

"The other big news is the billion dollars from @binance. Building out the ecosystem, and incentivizing user growth means the BSC DeFi is here to stay," @GoonTrades

"If you look at other chains, some of them have these elements, but this from Binance has the most comprehensive liquidity backing, it's certainly the largest," @kcryptoinvest

@kcryptoinvest "I'm in this really awkward position trying to handle all of the chains around. I think it's smart to just dive into one chain because they are all showing strength. It might be best not to spread yourself so thin," @GoonTrades

@kcryptoinvest @GoonTrades "Overall, the news coming out of October is going to be extremely bullish!" @GoonTrades