Currently, SEC is not approving Bitcoin ETF. Rejecting one after another. As a crypto investor, we are hopeful that ETF will be approved. But I am surprised to see how Crypto community is fully Dependent on ETF now. It seems that Without ETF Cryptocurrency is dead. All the project will be end up nothing if Bitcoin ETF is rejected.
Undoubtedly, ETF will bring more quality fuel to the market. But we should not fully dependent on it. If this innovative technology brings too much positivity to the society, We are bound to accept the usability of Bitcoin or other altcoin. Currently, Very few project are a real project. Most of the project still is in early stage.
ICO pump and dumb are hurting the market severely. Currently, Most of the ICOs investment looks unprofitable due to the fact of pump and dumb. I am surprised to see that the founders of some projects are also involve in Pump and dump activities.
Just a few days back, I have seen a project are promoting ICO as "Going to the moon soon". Project is still not started. No alpha, Beta or anything else. He has just a websites and investors money and promising huge return. This is not going to work. Crypto investors should be look for a good project.
What is your opinion on Bitcoin ETF? Please let us know your comments below
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