BitcoinGus on Nostr: Gary Gensler... "We have not endorsed #bitcoin." That is very misleading because, in ...
Gary Gensler... "We have not endorsed #bitcoin."
That is very misleading because, in the same breath, he could say that the SEC has not endorsed and will never endorse any commodity, not oil, not gold, not [enter] your favorite exchange-traded product, commodity, or security!
Also, he states over and over how #bitcoin is very speculative and highly volatile. This is 100% accurate for an individual who has NOT done their homework and wants to day-trade #bitcoin [or any other product] using ONE-MINUTE candlestick charts. I agree, and I would call it GAMBLING.
Yet, Chairman Gensler ALSO knows about taking a long-term investment horizon, and yet he has never nor do I suspect he will ever mention the #bitcoin #200WMA.
My take: Investor protection is not about investor protection. Investor protection has turned into protecting the status quo, and those who benefit greatly from being close to the #fiat money-printing spigot.
That is very misleading because, in the same breath, he could say that the SEC has not endorsed and will never endorse any commodity, not oil, not gold, not [enter] your favorite exchange-traded product, commodity, or security!
Also, he states over and over how #bitcoin is very speculative and highly volatile. This is 100% accurate for an individual who has NOT done their homework and wants to day-trade #bitcoin [or any other product] using ONE-MINUTE candlestick charts. I agree, and I would call it GAMBLING.
Yet, Chairman Gensler ALSO knows about taking a long-term investment horizon, and yet he has never nor do I suspect he will ever mention the #bitcoin #200WMA.
My take: Investor protection is not about investor protection. Investor protection has turned into protecting the status quo, and those who benefit greatly from being close to the #fiat money-printing spigot.