Not to burst anyone’s bubble, but the court ruling that forced the SEC to accept bitcoin ETFs is going to apply equally to ETH. Expect an ETH ETF soon.

Thoughts From “In the Dark on my Phone”:

Ive thinking about atomic networks and how to fight the negative network effects. We might actually ought to build #Nostr with our focus *entirely* on how to just get the bitcoiners.

Social networks are far stickier with community density. It’s far better to have 100 users inside a single community, than 100,000 disparate users from 42,000 different communities or all with different interests.

We need to find the “atomic network” and nurture it, not try to do everything and spend our time chasing a broad net of normal people. We need to dominate a niche (#Bitcoin and political dissidents) and the network can become sustainable. Then branching out from there is far easier and we’ve already proven it can be done.

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

Like Twitter but everything goes

Dear fiat brains,

If you’re not saving in #Bitcoin you’re not actually saving.

🤯

#Bitcoin vs #BitcoinETF:

#Bitcoin:

- Decentralized ✅

- Secure ✅

- Permissionless ✅

- Money ✅

#BitcoinETF:

- Decentralized ❌

- Secure ❌

- Permissionless ❌

- Money ❌

Choose wisely.

Hackers tried to gain access to my twitter account today.

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.