John E Deaton
John E Deaton|Jun 02, 2025 21:55
After the Bitcoin Spot ETF was finally granted (more like demanded - after being forced to fight Gensler’s Bad Faith @SECGov, which was found to have acted “arbitrary and capricious” in denying one), I said that I had zero doubts about Alt-Coin ETFs eventually following - and not just ETH ETFs - but XRP, SOL and others. Some folks criticized me for making that prediction. My point was simple: after watching Bitcoin become the best performing asset as well as the best performing ETF in history, Wall Street would want to try and replicate that success (even if on a much smaller scale), earning fees in the process. I also said that what @saylor was doing with Bitcoin - making it a corporate treasury asset - other companies (albeit on a much smaller scale) would likely copycat and implement a similar strategy with certain Alt-Coins, including ETH, XRP, SOL, etc. Both things are happening. I’m not endorsing or applauding it, just pointing out that we can always count on Wall Street greed to predict certain things.
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