Skybridge founder and former White House Communications Director Anthony Scaramucci took to social media site Twitter/X to post a tweet that appears to have intrigued members of the financial and cryptocurrency community among his army of followers.
Skybridge founder and former White House Communications Director Anthony Scaramucci took to social media site Twitter/X to post a tweet that appears to have intrigued members of the financial and cryptocurrency community among his army of followers.
Many decided that this was an indication of the SEC’s long-awaited bullish decision for cryptocurrencies.
Here’s Scaramucci’s intriguing tweet
The founder of Skybridge, known for his vocal support of Bitcoin and altcoins (Ethereum and several others), posted an enigmatic tweet consisting of just two words: “it’s done.”
Many crypto-themed accounts, including Crypto Capital Venture founder Dan Gambardello and analyst Will Clemente, began asking if this is about the SEC approving the Bitcoin spot ETF.
“Blink twice if you’re talking about the bitcoin ETF,” another cryptocurrency fan commented.
Scaramucci did not provide answers as to what this tweet actually meant.
Bitcoin ETF Prediction Sends Bitcoin Price Down
On Wednesday this week, an article published by Jihan Wu’s Matrixport surmised that the US Securities and Exchange Commission is unlikely to approve spot Bitcoin ETF filings submitted to a dozen Wall Street firms. throughout 2022, but you can leave them pending. see you later. The article cites several reasons, including political ones.
This news caused the world’s flagship cryptocurrency, Bitcoin, to crash by almost 7%, crashing from $45,366 to the $42,202 level in just a few hours. Traders began liquidating their long positions and removing $730 million worth of cryptocurrencies from the market. Major altcoins, such as Ethereum, XRP, Solana, and others, also began to drop in price rapidly. XRP fell the most, losing approximately 10% of its price.
Since then, Bitcoin managed to recover 5.4% for the first time, reaching $44,498. At this point, after another 4.25% drop and 2.81% rally, digital gold Bitcoin is changing hands at $43,816.
Many within the cryptocurrency community urged holders not to sell their Bitcoins just because of the Matrixport article. Still, experts believe the SEC is likely to give the green light to Bitcoin ETFs in January or the first quarter anyway, naming March as another likely month for this decision.
The approval of the Bitcoin ETF is expected to bring billions of dollars to the crypto space. Another major trigger for a potential Bitcoin price surge is expected to be the fourth BTC halving that is expected to occur in April.
