01 Jan 2024
January Outlook: Going to be a big monthAfter seven long months of BTC buoyancy, the date is finally here - the ETF verdict is coming! Is it priced in? Will the ETFs be approved? Will the launch be a sell-the-news event, or will inflows propel BTC higher?
Questions are plentiful but impossible to answer in advance. Instead, I will briefly establish the current state of the market before assessing three scenarios. I will assign probabilities to each scenario and elaborate on my base case for the huge month to come in January.