Spot Bitcoin ETFs to be Declined One More Time?
382 sats \ 5 comments \ @icecakes 2 Jan bitcoin
Early signal indicates bitcoin spot ETF applications will be declined one last time.
To be specific, here is the bearish statement be base our assessment on: "Jim Cramer: You Can’t Kill Bitcoin, It’s Here to Stay"
In 2016 we saw China's failed attack on bitcoin, and this may turn out to be the early rumblings of USA's attempt to nuke bitcoin.
It is not clear whether this is would be an effort to dump the price for the institutions to onboard more easily; or an attempt to destroy it completely. Jim Cramer seems to indicate the latter: an attempt at complete destruction.
This would be a fantastic development for stackers who are just getting into the game; and may offer one final chance to front-run the banks, or at least to join on equal footing.
This is not satire. One can always hope.
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0 sats \ 0 replies \ @bzzzt 2 Jan
Whether or not banks make a new financial instrument to play paper games...be it with bitcoin or funco pops... makes no difference in how i use bitcoin to save, spend and earn online & peer to peer.
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0 sats \ 0 replies \ @Anonomoto 2 Jan
Take my zap and get out.
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0 sats \ 2 replies \ @notgeld 2 Jan
Is this really important? American ETF products were crippled by SEC and lost their competitive edge. It is only about a huge market. That's it.
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0 sats \ 1 reply \ @icecakes OP 3 Jan
segments of the population will be priced out of opening channels eventually
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0 sats \ 0 replies \ @notgeld 3 Jan
Why? Even if we assume intensive usage of ETF products, many transactions will be offchain, apparently.
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