SEC set to approve Bitcoin ETF

and the cryptocurrency rallies, sharply. About a one minute read.

Comment: as one does every Friday I bought Bitcoin this AM and wondered why the price had risen so sharply. Now I know and I also know this — even a single ETF, let alone the three dozen or so that have applied for permission to launch — will sharply increase demand for and liquidity of Bitcoin. I’ll let you figure out what will happen to price.