SEC appoints Dalia Blass
A protection they provided by allowing for weeks of speculations on whether the ETF would be approved or not, even though they seemingly had already made their decision in February, and by dropping a bombshell at the very last minute in rejecting the ETF – after a nearly four years long process – in a manner that some took as an intentional insult to this space.
Now, with the appointment of Blass, it seems this space is being sent a very strong signal. Not least because institutional investors are now moving in, with some of them saying they can no longer ignore this space as it keeps on rising to a current $175 billion market.
Institutional investors bring a kind of legitimacy with the indirect consequence of increased conformity to the demands of mainstream society. Conformity is not something Bitcoin was designed for and not something many of the users will like to have even if the price goes beyond $10,000. Fortunately Bitcoin can and will keep forking and too much conformity can result in a fork.
Main stream interest will pull in more investors and the price will keep rising
Yeah I also think this is the main reason for the rise.
Maybe this is why all this money is rushing into Bitcoin lately. Thanks for the information Dana! Regards
Investors will be very surprised how high Crypto prices will go. Wall Street just now finally starting taking this seriously. The tone has shifted. Congrats to all the early adopters.
The good news for Bitcoin and the entire cryptocoin industry just keep on coming and coming... Congrats especially to early adapters!
nicely done by you
But the price of bitcoin always touches to the sky.
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