This is going to create a lot of publicity around Digital Currency, to allow the media and the government to socialize and normalize digital currency among the masses. Then the Central Bankers can more easily introduce Central Bank Digital Currency (CBDC). The end of cash and freedom may be drawing near.
The SEC has approved bitcoin ETFs
The US securities regulator has approved the first US-listed exchange traded funds (ETF) to track bitcoin, in a watershed moment for the world’s largest cryptocurrency and the broader crypto industry.
The announcement came at the end of a tumultuous 24 hours for the popular cryptocurrency, which saw a tweet sent from the account of the Securities and Exchange Commission (SEC) announcing the approval of the long-awaited ETFs on Tuesday, leading the price of bitcoin to spike by more than $1,000. Soon after, the SEC said its account had been “compromised” and that the tweet was “unauthorised”.
By Wednesday however, the SEC had approved the ETFs – this time for real – adding that it remained sceptical about cryptocurrencies.
Rest of article:
www.theguardian.com/technology/2024/jan/11/bitcoin-etf-approved-sec-explained-meaning-securities-regulator-tweet
Once they crash the system, then people will be begging for an already existing solution…
AC