“Spot Bitcoin” approval – final steps
The financial media is leading a major push with crypto optimism saying, “Crypto enthusiasts believe the SEC may finally be on the verge of approving a Spot Bitcoin ETF…”, as shown in the following interview. This crypto optimism is happening at the same time as the Crypto Fear and Greed Index runs into its Extreme Greed range with a reading of 76/100, as of January 9, 2024 at 09:00 a.m. ET.
Engrbytrade™ data still indicates bitcoin will conduct a repeat performance of what occurred with the Euro between 1972 and 1985. It appears the big banks and hedge funds are negotiating with the SEC to write their trading rules so Wall Street can do whatever they want with bitcoin. The bottom line is that big banks want a majority stake in bitcoin and will collapse the price to get as many people as possible to sell. This is what big banks and Market Makers do.