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.
Published at
2024-01-12 13:35:29Event JSON
{
"id": "a2977d81b478aac43210eaf5bee63ddfb8f0d3389331b20f5fac499a69bb8a54",
"pubkey": "5d0227ddfdd73255d3d30b27860dfff72bd8e102de0c2e4c13da8e8bcdcb6609",
"created_at": 1705066529,
"kind": 1,
"tags": [
[
"t",
"bitcoin"
],
[
"t",
"200WMA"
],
[
"t",
"fiat"
]
],
"content": "Gary Gensler... \"We have not endorsed #bitcoin.\"\n\nThat 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!\n\nAlso, 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.\n\nYet, 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. \n\nMy 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. \n\nhttps://image.nostr.build/55bf5816085061856d16930a3f29469de1a018b394c7c61799961d20a4a1c0aa.png",
"sig": "186dea9cf06ac9e7a36ba509c87135d68204e503609a8e739880f8dcf4cacf12eed5f79ecad632cd79270176da54dfad57af44ecf7259d10a7f58440a647ca91"
}
