SEC loses a case in court, market goes up. SEC threatens to sue, market goes down; few days to BlackRock BTC ETF decision? Market goes up; SEC delays approval? Market goes down.
This dependency on the SEC stinks
SEC loses a case in court, market goes up. SEC threatens to sue, market goes down; few days to BlackRock BTC ETF decision? Market goes up; SEC delays approval? Market goes down.
This dependency on the SEC stinks
This is where we are in the market now, and I can't emphasize enough how distasteful this dependency on the SEC's decisions is.
I get that BlackRocks trillion dollar net worth can catalyze a bull market BUT it’s certainly not like this!
Many think that BlackRock will pour a trillion dollars into Bitcoin upon approval. This is not just overly optimistic but also fundamentally incorrect.
It stems from a misunderstanding of how ETFs
Remember when #Bitcoin ATMs were going to cause a bull run? Well, that didn't happen. ETFs, like ATMs, are tools. They don't create demand; they facilitate it
What we NEED to focus on is the real value #Bitcoin offers and spreading the information, especially as global economies crumble. Forget 'money go up'; people around the world need saving.
Bitcoin and other cryptocurrencies have the potential to revolutionize the worlds financial system, provide financial inclusion and act as a hedge against traditional economic pitfalls.
Bitcoin serves as 'digital gold.' In economies with skyrocketing inflation, it's a haven for preserving wealth
Bitcoin could be their financial inclusion for the unbanked, offering control over assets without the need for intermediaries
Let's not wait for the SEC to decide the fate of #Bitcoin and crypto. The failing global economies, redundant monetary policies, and inflation will naturally draw people
For a deeper dive into why the SEC, BlackRock and ETFs shouldn't define Bitcoin's value, check out my full post here
https://labs.leofinance.io/@mistakili/bitcoin-etfs-market-sensitivity-and-the-real-catalysts-for-crypto-adoption
each day sec is losing
Too many things going on and the market reflects people's sentiments.