The Next Moves For Crypto Adoption

Will the SEC ever approve a spot ETF or will the house and other assets of the US government need to step in and start taking action.

The very first ETF to ever be published and pushed over to the SEC for review happened in 2013 by the Winklevoss twins. Even in 2013 this Spot priced Bitcoin ETF was rejected. Once again in 2018 they attempted to push another Spot ETF only to have that one rejected as well.

However what has gotten the green light so far are what are known as futures ETFs. The SEC slates that the reason why no Spot ETF has been approved so far is that it does not protect investors from fraudulent and manipulative acts and practices. However we will know that the futures market is some of the worst compared to a spot Bitcoin ETF.

You can read more about What a spot ETF is here

Over the last 10 years now the SEC has done nothing to provide any real clarity, simply fee and charge everyone for saying they are doing things wrong while providing zero guidance and zero approvals.

It's very clear that the general population is extremally tired of the SEC. What started a few years back with some larger companies denouncing the SEC has now spread to the general population as people are sick and tired of being fee'd, taxed and limited to corrupt systems like the stock market and gold markets which I would argue are as much if not more manipulated and only getting worse.

Companies and people are tired of sitting on the side lines with a single person or a few people tell them what they are allowed and not allowed to do with their money. It's because of this we are now seeing diluted value and trust in governments and people openly rebelling against their governments wanting more freedom of choice to do what they want with their earnings.

This will most likely only estimate further in the next 10 years as power shifts out of governments and into companies. It could be a good thing in realities as people can openly choose what companies they want to support and the internet and open source information is making it easier than ever for people to make smarter decisions based on the actions of those companies.

Enough bad press or people not agreeing with the company can tank the company to near zero as people stop buying and supporting it over night breaking down expensive infrastructure and logistics.

I think it's only a matter of time before black rock and others jump in on bitcoin and find a way around the SEC and the government. There is ALWAYS a loop hole of which will be exploited for good and evil but in this case I find it will be for the good of many who continue to believe in the vision of bitcoin and start to throw out tired old systems that no longer and may have never supported the people.

To me the only left saving grace a government has now is to double back to the roots of it and start holding true to this single line which I believe to be what made America a great country. "Government of the people, by the people and for the people" is something that has gone missing greatly over the last 50 or so years and more and more people are waking up to it and speaking out.

These ETF's if not approved by the SEC might instead be approved in courts or better yet investors will toss out the accredited investor roles and start investment how they want into assets such as this almost sticking it to the government. It's kind of like when your parents kept telling you not to do something and holding you back to the point you wanted to do it even more and then finally did it and it was glorious.

It's clear that crypto adoption will be happening and the time frame of which the SEC can hold it back is quickly running out. As inflation runs high, the general economy sucks, the stock market continues to be propped up on nothingness and eventually blows up like the 2008 recession people will become louder and want to invest into bitcoin and other assets more than ever.

Posted Using LeoFinance Alpha