Starting today we are starting a new contest where your opinions will earn you 10 Blurt.
The contest is simple all you have to do is answer the one question mentioned in the post and we will select winners.
@Public-Money is one of the oldest giveaway and contest accounts which was started on Steem and carried forward on both Hive and Blurt. We have given away hundreds of Steem, Hive and Blurt.
Question for today:
Question: Will the American SEC approve Bitcoin ETF?
Note: We'll select people who have the best comment and if there are more than one good comment then we'll select the winner randomly.
We will select 2 winners and vote on all comments.
Rules:
- Write a comment with your opinions on the question asked.
- Do not indulge in plagiarism. We will report to the team and get your accounts flagged.
- Don't debate with other users.
- We reserve the right to select winners.
The SEC has repeatedly rejected Bitcoin EFT over the last 10 years. The reasons for their refusal were that the crypto was open to speculation and could be used in fraud. Although there are impressions that it will be accepted this year, we can see that the reasons for previous rejections have not yet been overcome. Bitcoin is still speculable by whales and some organizations and is difficult to trace in fraud.
Since these reasons have not been overcome, I think the SEC will again refuse ETF approval, but I believe that this will not negatively affect the markets. We can easily see this when we look at the past periods.
Nevertheless, this is not an investment recommendation. It is my personal opinion on ETF approval.
Sent you 10 Blurt.