Bitcoin Faces Uncertainty Despite Potential ETF Approval
• SEC may delay approval of a Bitcoin spot ETF, which could be devastating for Bitcoin prices • Bitcoin prices may actually decline after a spot ETF is approved due to "buy the rumor, sell the news" • Sudden influx of institutional investors could lead to most Bitcoin being locked away and unused • Institutional investors may "destroy Bitcoin" by transforming it into a lifeless blockchain • It's unclear if investing in Bitcoin directly or a Bitcoin ETF will be better in 2024