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It was about a year ago that I realized Gary Gensler doesnt want to destroy cryptocurrency. That isnt on his agenda. Instead, his goal is to put it in the hands of Wall Street.
In this video I discuss how Goldman Sachs is being pulled into the equation. This is being done by both Blackrock and Grayscale. That means Gensler, who is an ex-Goldman guy, will approve it.
Take that to the bank. From his perspective, mission accomplished.
▶️ 3Speak
Things become much clearer now. As more and more big names enter the fray, the previous machinations are showing their results. I wouldn't be surprised if all the stalling and blocking by Gensler was just to buy a lot of time for the big players to accumulate their token stash in preparation.
Summary:
In this video, the speaker discusses the approval of the Bitcoin Spot ETF and the involvement of Goldman Sachs in the process. He expresses his belief that the ETF will be approved by the SEC, attributing this to Gary Gensler's ties to Goldman Sachs. The speaker criticizes the move, stating that Bitcoin is now being controlled by Wall Street, leading to the demise of its original principles set by Satoshi Nakamoto. He warns against the manipulation of Bitcoin by big financial institutions and emphasizes that the cryptocurrency market is being taken over by major players like Blackrock and Goldman Sachs. The speaker concludes by advising viewers to accept that Bitcoin is now in the hands of Wall Street and to ride the wave for profitability.
Detailed Article:
The video discusses the Bitcoin Spot ETF and its approval process, specifically focusing on the involvement of Goldman Sachs. The speaker mentions an article from CryptoSlate that talks about the potential addition of Goldman Sachs as an authorized participant in the ETF. He presents a critical view of the situation, expressing his belief that the approval of the ETF by the SEC is imminent due to Gary Gensler's past ties to Goldman Sachs. He asserts that this move signifies a hijacking of Bitcoin by Wall Street, indicating a shift away from its original decentralized principles set by Satoshi Nakamoto.
The speaker argues that Bitcoin is losing its essence as it falls into the hands of major financial institutions like Goldman Sachs and Blackrock. He predicts that these entities will make significant profits from controlling Bitcoin and warns about the potential market manipulation that could occur. The speaker dismisses the idea of Bitcoin as a medium of exchange, stating that it is now solely a tool for Wall Street to profit from.
Furthermore, the speaker criticizes individuals in the cryptocurrency space who have welcomed Wall Street's involvement, highlighting the irony of seeking mass adoption while allowing traditional financial institutions to take over. He emphasizes the importance of understanding how banks operate and warns against idolizing the banking system without comprehending its intricacies.
In conclusion, the speaker advises viewers to acknowledge that Bitcoin is now under the control of Wall Street and encourages them to navigate this reality for personal profitability. He cautions against believing in Bitcoin's potential as a medium of exchange and urges individuals to accept the dominance of major financial players in the cryptocurrency market.
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