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Author Topic: Is Hong Kong Bitcoin ETF Responsible for Recent Bear  (Read 314 times)
justdimin
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May 06, 2024, 06:14:04 PM
 #41

Bitcoin ETF was approved officially in Hong Kong and it's trading has already kick started as Bitcoin Spot ETF https://www.nasdaq.com/articles/spot-bitcoin-etfs-commence-trading-in-hong-kong

Let's dive back on the memory lane, Bitcoin spot ETF was approved by SEC in US and immediately this happens, the market plummet and thereafter we continue to experience a bull market till where we are today, could these recent bear be attributed to the bitcoin ETF approval in Hong Kong as part of the economic developments and incidence of flash news effect on bitcoin market price, we should never forget that we are still on the bull season despite all these.
There is no reason to try to find some bad news, it is not working that way and it wouldn't help anyone at all. I think it's clear that we are talking about something that is not going to take any time, we should probably see it get change with time as well and we shouldn't be worried about it.

I believe that the best thing to do would be just making sure that we are dealing with volatility in the market which is a common thing that happens and it is not going to end up changing much of the market neither. I get that sometimes we end up with different results, so it doesn't really make people change all that much, but as long as we trust what is going on, we will see ups as well as downs, so if we saw a down, the nit means it's time for an up.

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