#SEC #Crypto2023

💰 Bitcoin’s price surge is driven by its resilience and the increasing interest from traditional finance, despite previous skepticism from regulators like Gary Gensler.

💰 While regulators were criticizing cryptocurrencies, traditional finance institutions were secretly entering the market to take advantage of the opportunity.

📈 Blackrock’s filing of an ETF application, with a track record of 500 yeses and one no, suggests they either know something or want to make a point in getting rejected, which could be a major reason for Bitcoin’s rise.

📈 The SEC’s clear stance on the existence of a market for crypto indicates the growing recognition and acceptance of cryptocurrencies in the financial industry.