Wu Jihan posted on the X platform that Matrixport's analysts are independent and can express their opinions without any influence or interference from management. Compared with individuals and other management teams, analysts are hired because they have superior analytical skills.
Wu Jihan said that Markus is a talented analyst. In early 2023, Matrixport was one of the few companies that accurately predicted that Bitcoin was at a low point and maintained an extremely bullish stance. This latest report was prepared for Matrixport's clients, and its widespread dissemination in the media was not originally planned by Matrixport and was beyond its control. As far as he knows, Matrixport has always advised its clients to pay attention to risks and leverage, especially in view of the market volatility caused by the expectations of ETFs.
Looking at Bitcoin's history and future prospects, the current volatility and uncertainty surrounding the potential approval of a Bitcoin ETF in January 2024 are ultimately unimportant. In the long run, Bitcoin will always dominate. In my personal opinion, it is inevitable that a spot ETF will be approved by the SEC, which will attract new investment funds into Bitcoin. Bitcoin is expected to consolidate its position as a store of value and risk hedging asset, similar to gold.
