Haven't we learnt from the past? We are still doing panic selling which was witnessed as there were fuds created by some influencers about possible rejection of spot ETF and once this spread across we saw how people were on selling mode which literally brought down the value of Bitcoin to $40750. But this was a tight slap on face of those who tried bringing down Bitcoin as it survived this attempt as well and rising again.
Matrixport came up with the prediction that Bitcoin ETF might not be approved in this first quarter based on some careless analysis. And people who knew nothing about the sector were consumed by fear of the unknown. This shows that many people who have invested recently are targeting just the ETF approval by the SEC. I think we might see more of this and other smart investors will seize the opportunity to buy more.
When I as we I meant those who have panic sold their holding and it's sad people don't understand that just one event like spot ETF approval cannot define Bitcoin's future and people should stop believing in these smear campaigns because no one can predict much about crypto or Bitcoin.
Spot ETF is currently having the biggest attention from investors. It has attracted so much money to the industry but these events cannot define the future of Bitcoin. With or without ETF approval, Bitcoin will keep growing. Experienced investors will only sell when they get to their targets regardless of the FUD.