So we all knew the SEC were going to delay the ETF decision again, however this will be the last time they can delay it, and a decision will be made sometime before February 2019. How do you guys think this will affect the price of btc and crypto overall. Will it have as strong impact as last year when the big guys jumped the future train?
I doubt it. Back then, the market believed there was a strong possibility of ETF approval. As we saw with the last few rounds of SEC news, the market no longer responds much, probably because no one expects approval anymore.
In a couple months, we'll still probably be in a bear market. I expect the ETF to be rejected, so if anything maybe bears will use it as an excuse to spark a sell-off.