@rajatsoni I believe is how get got paid for future favors the investor are not expecting to profit from his coins, they’ll get their returns in different form
@EricBalchunas He is smarter than you think and knows more too. So accept that and communicate with him accordingly, don’t pretend that that is not the case!
@EricBalchunas At this pace considering the sell off rate from Grayscale and the acquisition rate of the new ETFs it will take 22 trading days to hold the same value amount!
@EricBalchunas Taking a snapshot today (derivative at day 6), that would be equivalent to 35 days of activity of the new ETF ‘s to match Grayscale’s holdings
New episode with @SECGov Commissioner @HesterPeirce. I asked her about:
• Spot #Bitcoin ETF approvals and her criticism of the delays
• What happened with the SEC's @X account
• Why Americans should have access to Bitcoin
• Crypto regulation and Congress
• Evaluating digital assets
TIMESTAMPS:
(00:00) Intros & reaction to ETF approval
(02:20) Why did SEC treat Bitcoin ETFs differently?
(03:32) Chair Gary Gensler: for or against Bitcoin?
(05:49) SEC's X account compromised
(08:02) Why should Americans be able to access Bitcoin?
(10:24) How is Bitcoin different from crypto?
(12:47) Is current securities law sufficient for evaluating digital assets?
(15:07) Should Congress act to help provide clarity?
(15:56) How will progress happen during election year?
(20:55) SEC vs crypto exchanges and token issuers - can they come in and register as securities?
(23:30) Why did SEC approve all spot Bitcoin ETF applications?
(24:24) Why did SEC have issue with in-kind redemptions?
(25:46) Does it get awkward at SEC when there’s dissent?
(27:03) Biggest misconception about the SEC
(28:13) Why do we need regulation and government oversight?
(31:37) Can SEC employees hold Bitcoin?
(33:40) Commissioner Peirce origin story & background
(35:37) Final thoughts and how to reach Commissioner Peirce
@JSeyff It’s great info thank you! What if you could include some metrics to put it in context, for example days equivalent of daily mined #bitcoin, or % of #Microstrategy holdings.
"Nature, to be commanded, must be obeyed." Embracing this wisdom from Francis Bacon, Bitcoin stands as a powerful testament to the potential of decentralized technology. It's more than just digital currency; it's a tool for financial empowerment and a new way to understand value. #Bitcoin #Innovation
@BitcoinMagazine Some people believe that there’s an entity out there that keeps track of everybody’s deeds determining if you have been good or bad. Interesting to think that’s exactly what #bitcoin does about your financial life!