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RE: Bitcoin Doesn't Need An ETF!
My conspiracy theory about all this is that the ETF will be approved right when the entire market is completely bubbled. After that, I give the market one more week or two to FOMO spike up and then promptly crash into the dirt for another year long correction.
Of course, for some reason I'm expecting this whole thing to turn out like the CBOE Futures Market in late 2017.
I could see it. Reading the latest SEC comments it sounds like we are still a long ways away from approving an ETF, which makes little sense to me when there are things like volatility leveraged ETFs floating around out there, but what do I know.
It's going to be played as a card in this grand illusion of politics.
I personally think the SEC and IRS (and US government) would like to see bitcoin die, but without actually making it apparent. They would like to make things so difficult for it that it eventually just stops being used and dies on the vine. Not allowing an ETF is part of that.
But also part of that is Fleecing the sheep by using MSM to hype up something you control and then let all your rich friends dump on the market. We've already seen the market move before official statements are made public. The manipulation is practically transparent. Why would an ETF approval be any different? Gotta get a green light all the way up the chain and then everyone wets their beak.
I don't think that is done by the "powers that be". I think that is mostly due to human nature, IE a couple people involved with it buying it ahead of time through their offshore accounts that and leaking the info to their rich buddies etc... people involved see an opportunity so they take it.
fair enough