Jihan Wu, a well-known figure in the world of cryptocurrency and the founder of Matrixport, recently expressed his thoughts on Twitter. He emphasized that the analysts of his company work autonomously, forming their conclusions without the interference of senior management. Wu is proud that his team consists of highly qualified specialists with deep analytical skills.

He also reminded of Matrixport's achievements, particularly that at the beginning of 2023, the company accurately predicted the price of BTC at the end of the year. The latest analytical report of Matrixport, intended exclusively for clients, unexpectedly became publicly available, which was a surprise for the company's management.

In response to the criticism of the latest report, Wu noted that the study suggested that the SEC (U.S. Securities and Exchange Commission) is unlikely to approve the launch of spot Bitcoin ETFs in January 2024, which led to a short-term 10% drop in the value of BTC.

Wu also defended his colleague and co-founder of Matrixpot, Marcus Thilen, noting him as an outstanding analyst and author of a book on factors affecting the price of cryptocurrencies. He emphasized that Thilen's work deeply analyzes market events and key factors affecting the value of digital assets.

Jihan reminded clients of the importance of being aware of risks and using leverage, considering market volatility, especially in the context of expectations for the launch of exchange-traded funds (ETFs).

In conclusion, Wu expressed confidence in the future of Bitcoin, believing that despite the current volatility and uncertainty around Bitcoin ETFs, in the long term, the value of Bitcoin will grow, and its role in the global economy will strengthen. He also expressed confidence in the inevitability of the approval of spot funds, which will attract new investments in cryptocurrency.