I think (hope) there will still be pockets of freedom left throughout the world. On/off ramps and alt coins will be heavily regulated in first world countries I'm afraid. There's a huge call for Gensler's resignation now even within Congress. I'm hoping he resigns or is ousted after the ETF approval happens and we get someone in that office that's more realistic and less influenced by Wall Street. Happy Thanksgiving to you!
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Yes, that is a good point. Getting in and out is going to be much more difficult. At the very least it isn't going to be accessible to the people who need it. The rich will have zero issue and people like me who make a decent living anyway will probably be okay. Which still doesn't sit totally well with me. As much as I loathe it, I almost am hoping for some reasonable wins on the right in 2024 to get the SEC on the right track. I'm still not sure the pros will outweigh the cons if that happens though. Being able to get my money out easier at the cost of human decency isn't worth it.
From what I've been following this weekend the action against Binance was the final thing the SEC wanted to do before approving the BTC EFT so it sounds like that could be coming in a matter of days. Any predictions on how high BTC will go? I've become so fed up with both parties I don't even know who I'll vote for this cycle. I'm hoping some miracle candidate will show up in the next few months.
That would be nice about a miracle candidate! I thought sure it was going to hit $100k last time, so I am hesitant to even guess. If I had to though, maybe $120?
There are SO many rumors within the last few days about Biden stepping aside. I've heard Newsome or Hillary might grab the baton. I'm not happy about either of those choices. I'm thinking $120k is pretty realistic for this cycle too, with trillions of dollars pouring into the market, post ETF approval we could even see double that.
I had not heard that, but I try to ignore a lot of that stuff these days. I agree those two options are not ideal. If we are being honest, last primary I really liked mayor Pete, but the world and the Democratic party wasn't ready for that.
It's so difficult to know what's true. I liked Pete too. I think youth will be imperative in future candidates. The world is just changing so quickly we need the mental plasticity of someone a little younger.
Yeah, I agree with that. We need someone young who is smart enough to realize this is a different world we live in now and moderate enough that they can get both sides to finally work together again.