The approval of the ETH ETF was solely and exclusively a political decision.
If you can read between the lines you will realize how corrupt the system is and that the SEC is not there to protect you.
With Bitcoin where supply is limited, where no one can change the monetary policy of the algorithm, it took them years to approve it.
With ETH which was premined and where Vitalik can change the monetary policy at will, it has been approved in just 2 months.
It’s about to be serious degen season. Stay humble and stack sats 🤙 #🍆🧈
Chaos is good. We advance further. Trojan Horse is Bitcoin's advantage I think. It grew in casino crypto environment and now this moves to ETFs. Long term it will play alright. Corruption is and should be obvious to everyone. It is all political. Always was.
When weak men rule, corruption is prevelant
I like this take.
If BTC is the superior option, which I think it is, we should be happy that more and more people who for XYZ reasons are not willing to invest in it yet, at least can invest in the adjacent casino. Some of that cash will eventually find the way to BTC. Doesn't matter if it's a lot or a little. It's a net positive for BTC. Chaos favors the best option, regulation and order kills it.
I see btc more like a highest form of digital power. Something beyond monetary aspect of it. For such disruptive technology to grow and dominate it needs to blend with what currently humans understand and that is money, store of value etc. For me it is a disruptive, censorship resistant and very robust virus like phenomenon that is on it's way to change humanity and world..for better. Hope it makes some sense :)
“When the righteous are in authority, the people rejoice; But when a wicked man rules, the people groan.”
Don't be a fool. ETFs are a control mechanism. No matter if BTC or ETH.
Consider it a redflag if there ever will be a Monero ETF.
Tbh, it was a line I thought they would not cross..
Then again, it muddies the waters even more for those that cannot understand why Bitcoin is the innovation, and all other "Cryptos" are just thinly vailed scams.
Opt out of SEC with BTC!
