There are opposing views on what spot Bitcoin ETFs will mean for the memecoin market.
The market has responded positively to the approval of multiple spot Bitcoin exchange-traded funds (ETFs) in the United States, but a parabolic crypto bull run hasn’t happened yet.
Should strong upward price pressure push Bitcoin (BTC) to new heights in the near future, will the memecoin market take advantage? Experts are conflicted.
Historically, when Bitcoin grows, the rest of the market — including altcoins and memecoins — grows along with it. This time, the market is infinitely larger with more projects, layer 1s, layer 2s and memecoins than ever before.
Read more
Source: https://cointelegraph.com/news/bitcoin-etf-memecoin-bull-run