Friday, August 12, 2022
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SEC set to approve Bitcoin ETF

By DAC000 , in Bitcoin , at October 15, 2021 Tags:

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.