Swan's Terrence Yan (a video) on Bloomberg Talking Bitcoin
TL;DR: Terrence covers Binance.US win (for now) against SEC, realistic timeline for a Bitcoin Spot ETF approval, the SEC shortcomings in the Grayscale case and Bitcoin as 'property.'
Hey Bitcoiners,
Managing Director of Swan Terrence Yang appeared on Bloomberg again recently to cover a few of Bitcoin's most recent significant events. The SEC is definitely at the fight us stage, but as Billionaire Pro-Bitcoin Bill Miller stated earlier this year at Bitcoin 2023, "Bitcoin is a crypto, crypto is not Bitcoin" - the SEC agrees and continually signals and confirms this to the market.
Terrence forecasts a Q2 or Q3 approval of Bitcoin, and while that seems far away, it's not. Everyone is keeping an on Binance at the moment. Even with the SEC's recent failure to win an immediate inspection of Binance.US software - trading volumes are already down 90% on the exchange, and the walls are closing quickly.
If Binance does go down, it will take many altcoins down with this. And that will still be something to celebrate.
Enjoy!
Tick tock next block,
Cory Klippsten
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⚠️Typo on Terrance's last name