Bitcoin is responsible for the majority of the crypto environment marketcap. With a peak of nearly 1.5 trillion dollars, bitcoin stands at a respectable 600 billion dollars.
Many hedgefund executives are expecting a bitcoin spot ETF which should skyrocket the price of crypto - Cathie woods, one of the least prominent hedgefund managers is going around shouting from the rooftops that she expects the US SEC to approve not just one BTC etf and spot and futures trading, but multiple, as you might've been able to tell by me mentioning ETF, SPOT, AND FUTURES.
It's all adding up into a nice little equation where the execs get what they want by making the community expect it, and then indirectly forcing the government to create it for the interests of economic growth and financial activity from all of these hedgefunds and investments firms...The SEC (believe it or not) does have a lot of insiders.
These insiders likely have the most influence over the decisions being made, and so far, all the new news articles have been entirely in their favor.
These insiders are almost obligated to create these different financial instruments in order to appease the public greed. To be fair, though, I'd say not to purchase into any of these sorts of things due to the sayings of a famous investor named Warren Buffett. "Be fearful when others are greedy, and greedy when others are fearful"
The problem is, everyone's greedy right now. They're all looking forward to these releases of which are all hypothetically based off of luck and speculation, most of the financial world is based off of this...unless you're investing into stocks. Then most of everything there is based off of statistics and speculation...

Now, a reflection back into 2020.

And one for the future:
