10 mins bitcoin chart
There’s no end to the stupidity in crypto but this is a new one.
There’s a report doing the rounds from Matrixport that speculates the SEC will reject the bitcoin spot ETF this month. It’s written by Markus Thielen, their head of research.
It’s clearly speculation but it’s being treated like 1) It’s an actual report 2) There’s some basis to the anaysis.
The whole thing is a single page long, and you can read it here. The entire basis of the report is that the SEC approvals process is “dominated by Democrats”…
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