What if Bitcoin ETF is not Approved
Whereas optimism is high as regards the approval of Bitcoin ETF which could be a milestone for investor to come in. Bitcoin topped $42,000 in December 2023 and the yearly gain compared from 2021 to date is 160%. One major factor at play was the hope to list Bitcoin ETF which is a very progressive discussion between the Asset managers and the Securities and exchange commissions.
In the cryptocurrency or trading world I think everyone should think a little differently. We all have ideas and are fully focused on bitcoin ETF. Many of us assumed that Bitcoin ETFs would be approved. But it may not be. And if not, then we should have an idea in advance about what situation the market may go. But the most positive thing here is that if Bitcoin ETF is not approved then we will get bitcoin halving event which will play a major role in creating a bullish movement in Bitcoin and if ETF is approved earlier then this movement will add more strength. There are many investors who are waiting for the approval of Bitcoin ETF.