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RE: The SEC delays decision on Bitcoin ETF, markets tank
A couple of thoughts:
A lot of people invest in crypto or use it for goods and services as a way to show their disgust for the current financial system. The issue is these same people (me included), are now hoping for an ETF which ultimately leads to the same powers that be assuming market control, it won't be instantaneous, but it will be incremental. Once institutional money enters in earnest then the market will become exactly like the stock market.
One can't help but think there were a few players that influenced the SEC's hand into delaying the decision while they start building their position. Interesting that Goldman and Dimon came out with negative statements coinciding with the SEC decision.
I see what you are saying. I am not sure it is that diabolical, though it may be. I wouldn't rule anything out when it comes to greed.
One thing to note... The original investors in bitcoin are mostly anarchists and guys who are fed up with the current financial system. Ironically, they need the old financial system and wall street to jump in if they want to see really high prices for bitcoin.
The anarchists started the trend, wall street will pick it up next via an ETF.