Odaily Planet Daily News: Mike McGlone, senior macro strategist at Bloomberg Intelligence, announced the latest "Crypto Outlook" report on Twitter, which pointed out that even if the spot Bitcoin ETF applied by BlackRock is approved, it will not be launched in 2023. In addition, McGlone also pointed out that the Federal Reserve has announced at the recent FOMC meeting that it will "raise interest rates a few more times" this year, coupled with weaker liquidity and potential stock market bears, which are contrary to the recovery expectations, so the crypto market will still encounter upward resistance. He also said that in the face of many factors such as the Federal Reserve, economic recession, and Nasdaq, the ETF launched by BlackRock may not protect Bitcoin from the first US recession, potential stock market bears, and central bank policies.