After a day of good news, Bitcoin jumped in price, nearly $1,500 in over a few hours.
Since the SEC was attacking crypto, and the FED was raising rates, it was almost a perfect storm forcing many to sell, which in turn pushed Bitcoin down.
Grayscale is making the news because of its filing against the SEC the other day, giving HODLers hope the spot ETF would be a reality.
Since Grayscale isn't the only one pushing for the ETF, and these court hearings, many are saying that the SEC could make a decision before the new year.
I am not at all optimistic concerning these ETFs, and as I have said before, possibility billions worth of Bitcoin will be in the hands of the greediest of the 1%... BlackRock.
If you don't already know, BlackRock, (which I didn't know before yesterday) is actually a very big part of the WEF, or world economic forum.
So with this we see alliances forming worldwide to push their 2030 agenda.
Would a $10,000,000 dollar Bitcoin be a good thing? I don't think that is the point, but there are many who do believe this is a good thing.
Exposing investors to Bitcoin with near zero volatility may be short sighted. They don't actually have access to that Bitcoin.
But, who knows, maybe I'm wrong and am simply not seeing the bigger picture... although I really doubt it.
Thanks for reading, and please tell me your thoughts in the comments below...👇🏻