What did the SEC just say that caused BTC to skyrocket by hundreds of dollars?
This tweet from Gensler, the most hated SEC leader, was reflected in the price of
$BTC in real time, jumping $500. why? Look what he said: "
1 ⃣Those who provide crypto asset investments/services may not comply with applicable laws, including federal securities laws. Investors in cryptoasset securities should understand that they may be deprived of critical information and other important protections related to their investments.
2 ⃣Investing in crypto assets can also be extremely risky and often highly volatile. Many major platforms and crypto assets have gone bankrupt and/or lost value. Cryptoasset investments continue to face significant risks.
3⃣Fraudsters continue to take advantage of the growing popularity of crypto-assets to lure retail investors into scams. These investments continue to be rife with fraud – fake token offerings, Ponzi and pyramid schemes, and outright theft where project promoters disappear with investors’ money. "
Does this tone sound familiar? Isn't it like your head teacher, Naobi Nao, who knew he couldn't control your puppy love but was unwilling to fail when you were studying?
The outside world also interprets it this way:
The development of cryptocurrency, which Gensler tried his best to hinder, will take a big step forward, but seeing that it is about to fail, he can only be unwilling to throw a bucket of dirty water in the end. However, we’re happy to see it, and you’ll be even happier if you hold
$BTC or $STX.
All kinds of news are pointing to the same result: the time for fireworks 🎉 is getting closer and closer.
#ETFbitcoin #BTC #etf