Bitcoin ETFs as a historical mistake?

Hello everyone,

  After a short enforced hiatus, I'm back to share the topics I've been interested in this week and I'm happy to chat with you about them. Let's not delay and get to it.

  Better Markets, an independent regulatory group, sent a warning letter to the Securities and Exchange Commission (SEC). Bitcoin ETF Approval Risk Warning. Volatility, concentration of multiple owners, speculative character. These are the main arguments underlining the overall immaturity of the crypto market.

First of all, I'm glad that something like an independent regulatory group—often quite independently associated with names like Barack Obama or Elizabeth Warren—exists. To what extent my enthusiasm is shared by, for example, Wall Street, honored by the attention of Better Markets in the past, I dare not guess. Likewise, the now-legendary FTX gift machine, which, to his surprise, failed with a million dollar gift. But even that didn't stop the group from spending $3 million (no doubt independently raised dollars) on various regulatory initiatives in 2022. Remarkably.

  The prediction of Matrixport - in their humble opinion - one of the most trusted cryptocurrency platforms in the world, resembles a cruel sobering up. Despite optimistic predictions of ETF approval in 2023, there is a real possibility that the SEC will not approve Bitcoin ETFs, according to a January report from the platform. But what is behind the completely opposite opinion than the one the company had last year? We just don't know. Matrixport highlights the political spectrum of the SEC as well as current Chairman Gary Gansler and his stance on the crypto industry. Yes. Exactly. No change from last year. In addition, the platform cleverly adds that in case of non-approval by the SEC, there could be a drop of up to 20%... For whom is this possibility a surprise and who is not prepared?

  We can't kill him. I'm not talking about John Wick here. Jim Cramer revealed this major discovery about Bitcoin on a TV show. Well, it must be noted that he (not only he) tried quite persistently for it... But what happened, happened. They say that only a fool does not change his mind. And now that Jim is finally part of the tech revolution and has finally taken Bitcoin to his mercy, we can say goodbye with a note from John Wick himself:

"Criticism of cryptocurrencies or criticism of their volatility will only benefit cryptocurrencies"
Keanu Reeves

 
Of course, this is not financial advice.

I'll be bold and put in some referral links of my favorite platforms too, if you want to earn some crumbs like me, I'll be grateful for the use:
 
Final Autoclaim - A very versatile and proven faucet.
Ember Fund - train your market knowledge and earn some BTC
Mining blocks - mining simulation and faucet
Freecash - The best paying platform
Freebitcoin - no introduction needed, a matador for BTC crumbs
PipeFlare - if you have advice for mobile gaming and NFT
Cointiply - One of my favorites, decent earnings, hassle-free withdrawals
CoinPayU - A stable platform also suitable for content creators
 
Sources : Crypto.news, cryptopolitan.com, author
(originally published on Publish0X)
Image sources : Openfabric.ai