Standard Charter: "Bitcoin to $100,000 by End of 2024"
Bitcoin Ramps Higher as ETF Approaches and Gensler's Non-Disclaimer
Bitcoin is ramping. Here is why
The SEC’s Gensler Does a CYA
SEC Chair Gensler posted a comment that seemed like a disclaimer today. The kind you put out when you want to hedge your recommendations like banks do. This implies the ETF is going to be launched and likely lit a fire under those waiting to buy.
ZH called it a CYA.. and they are correct.
Here is what Gensler Said:
1- Those offering crypto asset investments/services may not be complying w/ applicable law, including federal securities laws. Investors in crypto asset securities should understand they may be deprived of key info & other important protections in connection w/ their investment.
2- Investments in crypto assets also can be exceptionally risky & are often volatile. A number of major platforms & crypto assets have become insolvent and/or lost value. Investments in crypto assets continue to be subject to significant risk.Unlike banks and the entire western financial system, crypto has never had a central bank bailout. In fact, central banks are actively conspiring against it. And yet its price is fast approaching all time highs having survived countless crises on its own.
3- Fraudsters continue to exploit the rising popularity of crypto assets to lure retail investors into scams. These investments continue to be replete w/ fraud- bogus coin offerings, Ponzi & pyramid schemes, & outright theft where a project promoter disappears w/ investors’ money.
Classic Bank style disclaimer intended to protect them from what may come next.
Here is what ZH added truthfully
4- Unlike banks and the entire western financial system, crypto has never had a central bank bailout. In fact, central banks are actively conspiring against it. And yet its price is fast approaching all time highs having survived countless crises on its own- Link