U.S. Embraces Bitcoin ETFs: A New Chapter
The U.S. Securities and Exchange Commission (SEC) recently made history by approving the country's first Bitcoin Exchange-Traded Funds (ETFs). This landmark decision includes an ETF from Brazilian firm Hashdex. This follows years of SEC rejections of Bitcoin ETF applications. BlackRock's proposal earlier in 2023 marked a turning point, generating widespread interest due to their market influence. Standard Chartered Bank predicts these ETFs could attract up to $100 billion in the first year.
Marcelo Sampaio, CEO of Hashdex, views the launch as a significant regulatory step in the U.S. and a victory for digital assets. Despite the approval, SEC Chair Gary Gensler cautions investors, clarifying that the SEC doesn't endorse Bitcoin. To lure investors, companies like BlackRock are cutting administration fees, with some even offering zero fees.
The anticipation of ETF approvals has already boosted Bitcoin's value significantly, with a more than 160% increase over the past year. However, after the announcement, Bitcoin's value momentarily dipped. Analysts predict the ETFs could drive Bitcoin's value to new heights, potentially reaching $50,000 soon and possibly its all-time high later in the year. They also anticipate a favorable impact from the upcoming Bitcoin halving event, which reduces its inflation rate. But there is caution about potential profit-taking once it reaches certain levels.
Nicole Dyskant from Fireblocks notes that the SEC's decision influences more than just market liquidity. It could transform the broader financial and capital markets. The days leading up to the ETF launch saw cybersecurity incidents and criticism. The SEC's Twitter account was hacked, falsely announcing the ETF approvals, which the SEC later denied and began investigating. Gensler has also warned about risks in the crypto market, emphasizing the importance of understanding risks and legal compliance.
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IN 2006, RESEARCHER CLEVE BACKSTER — THE MAN WHO INVENTED THE CIA'S LIE DETECTOR PROTOCOLS — PUBLISHED 36 YEARS OF EXPERIMENTS PROVING THAT PLANTS, BACTERIA, AND HUMAN CELLS IN PETRI DISHES RESPOND INSTANTANEOUSLY TO HUMAN THOUGHT AND EMOTION — EVEN AT DISTANCES OF HUNDREDS OF MILES. THE SIGNAL IS FASTER THAN LIGHT. IT DOES NOT DIMINISH WITH DISTANCE. IT IS NOT ELECTROMAGNETIC.
In 1966, Cleve Backster was the world's foremost expert on polygraph technology. He had developed the interrogation techniques used by the CIA, FBI, and U.S. military. He understood galvanic skin response — the electrical conductance of biological tissue — better than anyone alive.
One morning, on a whim, he attached polygraph electrodes to a Dracaena plant in his office. He watered it and watched the tracing. Then he thought: "I wonder what would happen if I threatened this plant." He decided to burn a leaf with a match.
The instant he formed the intention — before he moved, before he lit the match, before any ...
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