https://twitter.com/WatcherGuru/status/1674775113126772742This crap makes bitcoin dump from a sharp rise in price this morning from surging past $31,380 all the way down to $29,800 as soon this tweet went out.
Thanks to Gary Gensler the head of the SEC. For how much longer, lets hope not for much longer or until the next court case filing against another exchange.
If that's Gensler's strategy, then long term investors who are currently bidding should place their bids lower and encourage him to keep going with his FUD.
Furthermore, Bitcoin doesn't need the ETF, it's BlackRock and the other legacy funds that need the ETF. Why? Because they'll earn investment-management fees from investors.
This is so very true @Wind_FURY: Bitcoin does not need the Spot Bitcoin ETF. They are a corporation so of course they only consider choices that benefit their own entity and nothing more.
If you think they care about the investor or what bitcoin and the whole cryptocurrency eco-system whether they live or die.
Then simply they are a fool for thinking anything different.
Big money got there by thinking about their own bottom line and if bitcoin goes to zero they wouldn't give two ****s about it.
Seriously speaking.
The money they make off the institutional investors that buy this ETF when it is finally out and fully approved will be the only thing they care about.
They are business minded and if the small investor who buys these ETFs are bankrupt in the end because of it's offering, they will just write it off.
Let's live in the real world now with these back from the future visions stated here in the thread please.