Steve Weiss, founder of Short Hills Capital Partners, began selling his Bitcoins, thinking that a possible approval for spot Bitcoin ETF applications was already priced in.
Steve Weiss said in a program he attended on CNBC on January 2, Started selling Bitcoins explained. against bitcoin unbeliever Stating his attitude clearly, Weiss said: everyone is waiting for spot Bitcoin exchange-traded fund (ETF) approval and probably this situation already priced he stated.
Following Spot Bitcoin ETF approval, a “sell the newsAn experienced name who believes that there will be a case of “” said that Bitcoin is still that it is no more than a speculative entity argued:
Frankly, I don’t believe in Bitcoin. I still don’t think it has any use other than speculation. However, I think ETF approval is already priced in. I’m not the only one who bought into the ETF approval expectation, and I think it’s possible there will be a sell the news situation eventually.
US Securities and Exchange Commission (SEC) January 15 to approve spot Bitcoin ETF applications until almost definite is being looked at. However, the cryptocurrency market still continues to rise in light of this expectation.
According to CoinGecko data, in the last 24 hours 1.5% Bitcoin losing value at the time of writing from $45,171 is being traded.