Zeddicus
Member
The postponement of the approval of a Bitcoin ETF by the US SEC has been a topic of discussion in the financial world. According to JPMorgan strategists, the approval of a Bitcoin ETF in the US could pull investors out of a popular trade and erode a key support of the cryptocurrency's lofty price.
The SEC decision to postpone BTC ETF may lead to a relatively muted influence on BTC’s price. This scenario aligns with the most probable outcome given historical regulatory tendencies.
I believe that this deferment may trigger a dip but who knows cos the market is highly unpredictable in my humble opinion.
My hopes are that it's approved cos BTC halving will be happening in 2024 where the final decision would be made.
What's ya input here?
The SEC decision to postpone BTC ETF may lead to a relatively muted influence on BTC’s price. This scenario aligns with the most probable outcome given historical regulatory tendencies.
I believe that this deferment may trigger a dip but who knows cos the market is highly unpredictable in my humble opinion.
My hopes are that it's approved cos BTC halving will be happening in 2024 where the final decision would be made.
What's ya input here?