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I agree that some say there are many factors that have caused a decline in bitcoin prices this year. And one of them is possible, because the SEC has not given permission for bitcoin ETFs. I don't know what the reason is. I can only hope that this condition will soon recover
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Bitcoin is the pioneer of the emergence of blockchain technology, perhaps one of them is for that reason, so most people choose bitcoin in addition to other reasons. If one day there will be an altcoin that can outperform bitcoin, it might take a long time
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In my opinion, current conditions do make the majority price of coins / tokens depressed. Do not look at coins for long or not, and I believe. As the crypto market improves, then the price of coins / tokens will recover
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Little did I know, there were companies that focused their business on bitcoin. Especially in mining, for example Genesis Mining. And I believe, in the future there will be companies that focus on bitcoin and not only on bitcoin mining
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My hope and I believe will be the hope of many people. This will not affect the price of bitcoin and altcoin too much. For some reason, it seems that the SEC is very difficult to give permission to the bitcoin ETF
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Although maybe this year is the worst condition for bitcoin and altcoin, but I believe. That bitcoin will experience a price increase at the end of this year and then will be followed by the altcoin. In my opinion, all of this was due to the protracted SEC in issuing ETF permits
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I think it's a good thing, because it shows that not a few people support bitcoin. That can be seen from the increasing number of bitcoin communities from time to time. It should be considered by the SEC
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The current situation seems very confusing to me, too many perceptions about the fall in the value of bitcoin and altcoin. I think, the current situation tends to be due to the protracted discussion of regulation regarding bitcoin so that it greatly affects prices
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One reason is probably because bitcoin is a pioneer in blockchain technology. In addition, because the amount of supply is very limited, most people tend to choose bitcoin for their investment
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