QCP: Due to the Mt. Gox and DMM hacking incidents, Bitcoin is expected to fall, but Ethereum is expected to rise
QCP Capital stated that due to the potential supply brought by Mt. Gox distribution (about 9.6 billion USD) and DMM hacker attack (about 305 million USD), they are bearish on Bitcoin; Ethereum spot ETF may start trading earlier than expected in June, as the U.S. SEC urges applicants to submit S-1 forms before May 31st, indicating a bullish outlook on Ethereum.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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