The SEC said NO to Bitcoin ETF… and so what?

The announcement came late yesterday… immediately there was massive $300 drop only to rebound almost instantly… the price of bitcoin is now right back to where it was most of yesterday i.e. It made no difference… the bitcoin community didn’t flinch… it was just the speculators… ultimately an ETF offers no additional value to bitcoin. 

The SEC said their decision was mainly because there wasn’t enough regulation in the industry… that’s great, we don’t want regulating… regulation brings control and ownership from a corruptible 3rd party… keep the government out of it and everything will work just fine.

Meanwhile the juggernaut of creative innovation and societal evolution rolls on.

You either ride the waves of change or just float in the ocean.

The SEC are between a rock and a hard place

Is Bitcoin a better store of value than gold?