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Drowning out contrary views on ETF approval

Bitcoin Reddit

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Every time someone posts about the possibility of the ETF not being approved, there's a barrage of comments saying that will never happen, ETF approval is almost certain, etc. The same thing happened in response to Matrixport's view. One gets the sense that many people want it to happen so badly that they have convinced themselves that it will. Reading articles and posts that assume it will be approved, reinforces the narrative into a virtual certainty in peoples' minds. To be clear, I'm not saying it won't be approved. I'm also not saying approval is unlikely. All I'm saying is that in order to make a balanced assessment for purchasing decisions at this point, one must at least entertain the possibility (not probability) that it may not be approved. Put another way: it is not impossible that the SEC will not approve ETF's, at least without a fight (litigation following rejection).

EDIT: The risk of only entertaining one narrative is that this sub becomes an echo-chamber. Buttcoin is an echo-chamber of cultish negativity. This sub is often the first place newbies go to learn about BTC. It should provide balanced perspectives rather than being a foil for Buttcoin.

submitted by /u/n8ivblu
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