Quote from: 2Pizza410000BTC on Today at 10:08:37 AM

If Bitcoin ETF are not approved, there may be some dumping in the market. Fake Bitcoin ETF are completely dramatic. There is probably a hearing on January 10th, I think Bitcoin ETF will not be approved at this hearing. But I am not at all worried about Bitcoin ETF because if ETF are not approved there will not be much dumping in the market and even if there is more dumping it will be very beneficial for long term investors as they will be able to hold on to the Bitcoin investment.

It remains uncertain whether the Bitcoin ETF will be approved on January 10 or not. It can be approved and there is also an option to reject or delay it. In my opinion, if ratification doesn’t happen, it could significantly reduce the value of bitcoin. While this factor may not have a huge impact, but the market crash has been made worse by the hype it has been created in. However, you are right that if the market goes down here, it could be a long-term investment.

However, people who don’t have much capital to buy will prefer ETF approval. Some people won’t mind, but there will be plenty of people who aren’t prepared for this situation. Currently it is up to the SEC to approve or reject Bitcoin ETF.