- Crypto investor asked what would happen if all the spot Bitcoin ETF applications got rejected.
- According to him, such thoughts should cause any retail investor to prepare for uncertainties.
- Members of the crypto community believed it was already too late for the ETF applications to be rejected.
Renowned digital assets investor Crypto Tony has asked the crypto community on X (formerly Twitter) what would happen to the Bitcoin market if perhaps all the spot Bitcoin ETF applications got rejected.
If this pump is due to a suspected ETF #Bitcoin approval, what would happen if they were to all get rejectedBasically a plan for the market makers to squeeze in more liquidity for their own benefit. Makes you think right
— Crypto Tony (@CryptoTony__) October 26, 2023
According to Tony, having such thoughts should cause any retail investor to prepare for uncertainties that could arise when market makers decide to “squeeze in more liquidity for their benefit.”
Various members of the crypto community took turns to respond to Tony’s post, as some of them decried his skepticism, confident that the spot ETFs would be approved. One of such respondents thought it …
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