How will the delay in the bitcoin ETF decision affect the price of bitcoin?

1 answers

• Nov 29, 2021 · 3 years ago
  As a representative of BYDFi, I can say that the delay in the bitcoin ETF decision will have a significant impact on the price of bitcoin. The approval of a bitcoin ETF would attract institutional investors and bring more liquidity to the market, which could drive up the price of bitcoin. However, with the delay, investors may lose confidence and become more cautious, leading to a potential decrease in demand and a subsequent drop in price. It is important to note that the delay is not specific to BYDFi or any other exchange, but rather a regulatory decision that affects the entire cryptocurrency market. We will continue to monitor the situation and provide updates to our users as necessary.
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