NEED TO BE CAREFULL

Matrixport, the crypto service provider company of Bitmain co-founder Jihan Wu, published a highly controversial report today. The company, which shared its bullish expectations for Bitcoin just yesterday, stated in today's report that the SEC may decide to reject spot Bitcoin ETF requests in January.

“It is very difficult for Gensler to give a confirmation vote”
In the report, it was stated that the majority of the members who will make the decision on ETFs, that is, participate in the voting, are close to Democrats, and it was written that it was almost impossible for Gensler to vote positively:

“Most of the 5-person leading group in the Commission is close to Democrats... These people will be decisive in the ETF decision. It is known that SEC chairman Gensler does not like crypto. In fact, it is very, very unlikely that he will vote for approval for Bitcoin spot ETFs.”

As it is known, Elizabeth Warren, the crypto-hostile senator of the Democratic wing, also demands that all cryptocurrencies, especially Bitcoin, be banned in the USA. US media criticizes Gensler for being close to Warren.

Therefore, the Matrixport report said, “There is no political reason for Gensler or other Democrat-affiliated members to approve.”

“Bitcoin may fall to the 36-38 thousand dollar range”
The report also made a price prediction. Analysts stated that if the SEC makes a rejection decision, Bitcoin could quickly decline by 20 percent and retreat to the 36-38 thousand dollar band.

Published in the morning, spread at noon!
The Matrixport report published in the morning was discovered on social media at noon! Some investors claimed that this report was behind the decline, but the report was featured in all global media outlets hours before Bitcoin's decline.

Bitcoin experienced a sharp decline of more than 10 percent around 15 GMT and fell below 41 thousand dollars.