PANews reported on January 5 that Wu Jihan tweeted that Matrixport analysts operate independently and their opinions are not subject to any influence or interference from management. This latest report has been prepared for Matrixport clients. However, widespread media dissemination was not planned by Matrixport and is beyond our control. As far as I know, Matrixport has been advising clients to be aware of risk and leverage, especially given that market volatility is triggered by expectations surrounding the potential approval of the ETF. Looking at Bitcoin’s history and future prospects, the current volatility and uncertainty surrounding the approval of a Bitcoin ETF in January of this year ultimately doesn’t matter. In the long run, Bitcoin will always have the upper hand. In my opinion, SEC approval of a Bitcoin spot ETF is inevitable, which will attract new investment into Bitcoin. Bitcoin is expected to solidify its position as a store of value and risk-hedging asset, similar to gold. According to previous news, Matrixport released a report stating that the U.S. SEC may once again reject all Bitcoin spot ETFs. This triggered a sharp short-term decline in the price of Bitcoin, which is currently at $42,898, down 4.72% in 24 hours.
