Matrixport: If the U.S. SEC rejects the Bitcoin spot ETF, Bitcoin will quickly drop by 20%
Bitget2024/01/03 10:55
According to a report by Matrixport, the SEC is expected to reject all proposals in January as none of them meet a key requirement. Currently, it's unlikely that the Democrat-led five-member SEC voting committee will approve Bitcoin spot ETFs, as this would legitimize Bitcoin as an alternative value storage method.
If the SEC refuses approval, there will be large-scale liquidation activities in the m arket and
Bitcoin prices could quickly drop by 20%. Even so, Matrixon Target still predicts that even if the SEC rejects ETFs, Bitcoin prices will still be higher than $42,000 at the end of 2024.
1
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
OpenAI founder Sam Altman says he is excited about bitcoin
AIcoin•2025/12/20 18:08
Hilbert Group acquires Enigma Nordic for $32 million
AIcoin•2025/12/20 18:03
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$88,117.73
+1.19%
Ethereum
ETH
$2,975.28
+0.79%
Tether USDt
USDT
$0.9995
-0.01%
BNB
BNB
$852.57
+0.77%
XRP
XRP
$1.92
+2.44%
USDC
USDC
$0.9997
-0.02%
Solana
SOL
$125.95
+1.70%
TRON
TRX
$0.2803
+0.58%
Dogecoin
DOGE
$0.1316
+1.14%
Cardano
ADA
$0.3761
+1.63%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now