MatrixPort Founder Woo Ji-Han "BTC Spot ETF Approval is Inevitable"

MatrixPort founder and Bitmain co-founder Ji-Han Woo insists that "MatrixPort's analysts are independent and their views are not influenced by management." Earlier, MatrixPort shocked the market with a report that the U.S. Securities and Exchange Commission (SEC) would reject all bitcoin spot ETFs in January. "In early 2023, MatrixPort was one of the few organizations to correctly predict the Bitcoin bottom and maintain a very bullish outlook. This latest report is for MatrixPort clients only, and its widespread dissemination through the media was not planned by us and we have no control over it. (Emphasis added) The current volatility and uncertainty surrounding the approval of a Bitcoin spot ETF in January are inconsequential in the context of Bitcoin's history and future prospects. Bitcoin is in a long-term upward trend. Personally, I think the SEC's approval of a spot ETF is inevitable and will attract new investment capital to Bitcoin. Bitcoin is becoming a better store of value and risk hedge asset than gold."