ilmscore | Prediction Details
"if the ETF is rejected and eth Bitcoin capitulates then a lot of people are just going to say they're going to put on their Maxi hat their Bitcoin Maxi hat and say all right you know forget eth it's just going to go down on its Bitcoin pair forever but what if they're wrong right what if the reason it has been bleeding has nothing to do with its deflationary mechanism what if it has nothing to do with proof of stake what if it has nothing to do with the potential spot ETF rejection what if it only has to do with monetary policy and Inc you know slightly increased regulatory pressures but what if it's just based on monetary policy and then you get this example down here where eth Bitcoin bottomed when the Fed started to expand their balance sheet how poetic would it be e Bitcoin capitulates after e spot ETF is rejected and then people are like all right fine we believe you but they represent the last capitulation right and so once they finally believe it then bottoms I'm guessing around .3 to .4 and the reason for it to bottom would have nothing to do with this PF which I think is what the headlines would read it would just have to do with maybe maybe the FED is about to go back to looser monetary policy which they've already started to talk about"
By Benjamin Cowen | May 7, 2024 | Pending
From video
ETH / BTC Outlook 00:09:37 - 00:11:17
Interpreted Prediction
If the Ethereum spot ETF is rejected, the ETH/BTC ratio will capitulate to 0.003-0.004, but this bottom will be driven by a pivot to looser monetary policy from the Federal Reserve, not the ETF rejection itself.

Prediction Details

Ticker
ETH
Initial Price
3,005.76 USD

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