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Archie

JUST IN: Telegram has added a #Bitcoin  and crypto wallet.

It has 1.5 BILLION active users. 🔥

Follow the light...

JUST IN: 🇺🇸 SEC decision on the #Bitcoin  ETFs is expected "hopefully next week" says one applicant - Fox Business

BREAKING‼️ Sources "extremely close to the matter" say multiple #Bitcoin  ETFs will be approved - @jacqmelinek (TechCrunch)

JUST IN‼️ SEC is giving #Bitcoin  ETF applicants final comments as we speak...this is def as close to "done" as we've been - Bloomberg's Senior ETF Analyst

BREAKING‼️ Grayscale just filed a 'Registration of Securities' for it's spot #Bitcoin  ETF.

LFG! 🔥

JUST IN: Former-Citi execs are launching #Bitcoin  Depositary Receipts, which are securities backed by Bitcoin that do NOT need SEC approval - Bloomberg

NEW: 🇺🇸 SEC could notify #Bitcoin  ETF issuers of approval on Friday with trading to start next week - Fox Business

🚀

BREAKING‼️ $4.5 trillion asset manager Fidelity just filed a registration of securities for its spot #Bitcoin  ETF!

Here we go…

JUST IN: 🇺🇸 SEC is meeting with Nasdaq, NYSE and other exchanges today finalise comments on Bitcoin ETF issuers - Fox News

BREAKING‼️ "We have heard nothing to indicate anything but approval" of Bitcoin ETFs - Bloomberg

Don't let them shake you out, anon.

#Bitcoin  is just getting started. 🚀

UPDATE ‼️ Bitcoin price dumped 9% in 1 hour on the basis of a report by Matrixport predicting an SEC rejection of ALL Bitcoin ETF applications.

Their justification? Politics.

- 5 voting commissioners are Democrats.

- Democrats don't like 'crypto'.

- Applicants haven't satisfied the SEC's requirements.

- There is not political justification to approve a Bitcoin ETF.

I spoke to Bloomberg's ETF analyst @JSeyff at length, and together with his senior colleague @EricBalchunas - they give a +90% chance of approval due to a number of factors, especially the SEC's significant change in behaviour by way of engaging with applicants and providing them with guidance on updating their applications.

My interview with James is really worth listening to because we cover this from the outset and James lays it out quite clearly. It's worth noting James and Eric called Grayscale's victory in advance and have been accurate all the way along so far.

FULL BLOOMBERG INTERVIEW:

t.co/ASloefyIHF

There are several key reasons as to why a Bitcoin ETF is more likely to be approved this time compared to previous attempts:

1. **Grayscale's Legal Victory**: Grayscale winning its court case against the SEC has significantly shifted the landscape. This court decision has been a major catalyst in increasing the likelihood of ETF approvals.

2. **SEC's Increased Engagement with Issuers**: The SEC's proactive discussions and meetings with ETF issuers suggest a more collaborative and open approach towards resolving outstanding issues and concerns related to ETFs.

3. **Addressing SEC's Concerns**: Issuers have gradually addressed the SEC's concerns, ticking off many of the SEC's checklist of requirements for approval, such as 'Cash Creates' only.

4. **Market Evolution and Maturity**: The Bitcoin market has significantly evolved and matured over the years, with better infrastructure, increased institutional participation, and more robust regulatory frameworks.

5. **Improved Market Surveillance and Compliance**: Advances in market surveillance and compliance mechanisms have made it easier to address the SEC's concerns regarding market manipulation and fraud.

6. **Increased Institutional Interest**: Growing interest from established financial institutions in Bitcoin has likely played a role in pushing for regulatory clarity and ETF approvals.

The first #Bitcoin  block was mined on this day 15 years ago.

NEW: Michael Saylor to sell 315,000 $MTSR shares worth $215m to buy more #Bitcoin  personally.

Ape… 🦍👊

2024 is the Year of the Dragon

The Chinese name for the dragon is 'Loong'.

I shall say no more... 🤑

Tomorrow is the 15th anniversary of the Genesis Block - the first block of #Bitcoin  ever mined on the 3rd of January, 2009.

Inscribed are the famous words from UK newspaper, The Times:

"Chancellor on brink of second bailout for banksyyyy"

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💥Let there be Bitcoin!

JIM CRAMER: #Bitcoin is a reality and a technological marvel, and people have to recognise it is here to stay....and all the bulls were right. 🧐

This is not a bubble.

It's an adoption curve.

Thank you to Wall Street for misunderstanding Bitcoin for so long. 🙏 😘

Is Bitcoin to $1m impossible?

- For Bitcoin to hit $1m it needs to go 64x from $16.5K

- In 2016/17 Bitcoin pulled 120x 👀