Will the SEC crackdown on exchanges for the hundreds of shitcoins they push actually help decouple them from BTC? Will this cause a flow to BTC from the scam shitcoins? I hope this is the beginning of enlightenment for millions of people….
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0 sats \ 0 replies \ @siggy47 8 Jun 2023
I think so, but it may take a while. Your average person still thinks of bitcoin as just the best "crypto." I think this is an example of why price sometimes matters. The btc price weakness over the past few days makes no sense if the market really accepted the difference, and realized how good this designation of other coins as unregistered securities is for bitcoin. Otherwise the price would have soared on this news.
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