/biz/ - Business & Finance

>>57278817
I don't think so, lot's of faggots fomoed into eth, due to the etf rumor but the sec can delay that as they did with the btc one, they will probably be forced to do one etf since they have futures already so he legal case for eth etf exist.

But the current weakness in btc is not retards fomoing from btc to eth but mostly due to smartasses moving from grayscale to blackrock causing volatility.

Once the pressure from ETF on BTC demand increases as grayscale no longer causes selling pressure we will probably see a stronger eth botttom 0.047 probably maybe even less.

>>57263629
Wrong, the SEC asked outright for them to buy BTC with USD directly, they did not wanted funny stuff because Gary may be a cunt but he is not retarded enough to not realize a spot etf backed on nothing will end like a new FTX

>>57254081
>stop-gap

It's the game theoretical conclusion of bretton woods and not a stop-gap

Bitcoin = Bancor
Stablecoins = Bretton woods USD(no longer backed in gold).

It's a soft fork bretton woods allowing burgerland to escape the triffin dilemma

>>57249959
>ok you have a point, however, this requires rule enforcement. Why would the rules be enforced? I thought the point of BTC was decentralization and no single authority. Desu, with the ETF we are witnessing the emergence of single authority.

Not really all the spot ETF do is buy BTC OTC aka reduce supply any money magic they try to do will backfire as it happened to FTX due to the international free place on global exchanges settling differently than the ETF.

This is the best path for the USA btc etf legitimization increases BTC in control of burger citzens and makes US exchanges more powerful in the global level.

It also increases stablecoin demand and indirectly us treasury bills demand.