Post
Topic
Board Bitcoin Discussion
Merits 7 from 3 users
Re: bitcoin ETFs
by
stompix
on 25/06/2023, 12:40:38 UTC
⭐ Merited by LoyceV (4) ,hugeblack (2) ,tranthidung (1)
With renewed interest in bitcoin ETFs,

I doubt you can find a month in the last 5 years when there weren't at least 10 articles about an ETF.
It's the same reheated pretzel all over again, people thinking a trillion of $ will be used to buy BTC, the price will spike up and they can finally make som profits after buying in the last FOMO. What's more tragic and comic on top of that is that a ton of them don't even know how this ETF will work but it smells of money so it must be good!

The SEC in my opinion is very unpredictable. Especially when It comes to crypto.

They let Coinbase on the stock market
They let Ftx get away with everything
They sued binance, coinbase and kraken

So? They've let Tesla also yet they've sued Tesla a hundred times, Intel, Dell, and Amazon in securities law violations what's the problem?
Once you get on the stock exchange you're getting a blank check or something?

The funny thing is when the SEC proposed that Binance.us would follow rules that would prevent another FTX everyone was screaming about the evil gubbermint,  when FTX Japan returned all the funds since the regulations in Jpan worked everyone forgot that Binance fled Japan exactly because of those as they didn't want to comply with them!