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.
When we plan we plan for possible eventuality and please do not consider this negative bias. Wisdom Tree, BlackRock etc. has meet the criterial as said and are waiting for a positive signal. Should we bank on it. The question is still pondering in my mind if it doesn't go as suggested or the approval is denied what then happens?
I can only see a sudden fall if Bitcoin ETF is not approved and you may as well add your input on this. However, from now till 2026 will be promising for BTC as there would be favorable outcome. It is a game of patience.
Non approval of Bitcoin ETF would spark a sudden dump in the price of Bitcoin from fundamental point of view of the market immediately when the news was announced, of course that impact would be momentary, however how far the downward trend would reach is unpredictable after the announcement, however the price recovery is sure because Bitcoin halving is coming up soon thus there is would be a gradual price recovery as we approach the halving this is based on the fact that price history repeat itself in every cycle of Bitcoin halving it is usually accompany and synonymous with high rise in it price.