If the Bitcoin spot ETF is passed now, I think it is not good news based on the overall analysis. This is because it affects market sentiment more by pushing on-site funds to affect prices. Since the world economy has not yet recovered and monetary policy is in an extremely tight state, it is still difficult for funds to continue to flow in. Of course, it is possible to maintain high fluctuations, but it is difficult to last for a long time. We cannot expect that the currency circle will have an independent market. This probability is very small. In addition, it is really a loss for such a major benefit in a bear market. In a bull market, it can rise by 100%, but in a bear market, it may only rise by 30%. Let's take a look at the performance of US stocks in the near future. If US stocks fall, there is basically no chance. Based on the current information, I don’t think the adoption of the Bitcoin spot ETF will directly start a bull market.