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That will be a fundamental force that will continue to drive Bitcoin prices higher. and yes a delay will only make the hype stronger than before and this has been proven by the fake news spread by many media about ETFs. It's not without reason why it's getting stronger, because Bitcoin is approaching the 4th Halving which makes everything better until that moment comes.
ETFs and Halvings are two factors that will drive a lot of demand, so they should be good benchmarks for making analysis. I think it's time for big investors to get in and buy as much as they can, even though the ETF is still on hold. There is no better time than now than to wait for a deeper decline, which is increasingly unlikely at a time like this.
Buy with DCA and Hold, that would be the best advice if they are still unsure about the market. About today, bitcoin has crossed $37k again. The realization of a breakout of $38k has not yet been achieved as I write this, but $38k is getting closer and may be reached in the near future.