SEC approval opens a great opportunity for large investors to enter this market and help it grow quickly. But that doesn't mean that the development of the Cryptocurrency depends entirely on SEC. Blockchain and Cryptocurrency will still grow even without a SEC agreement, I think sooner or later the SEC will approve Bitcoin ETF.
I think people are too obsessed with the SEC, we absolutely cannot bother with the SEC, just focus on the development of Blcockhain. I believe in the future Blockchain can grow to become popular in many areas of life, so I do not pay much attention to SEC.
Why are we thinking that large investors entering the market help it grow quickly? I mean look at Wall Street and the large investors there. Haven't they caused great crashes and all the bubbles, fake valuations for penny stocks, things like that?
SEC also knows this and they want to enssure Bitcoin markets cannot be manipulated but if you have whales that is a huge concern.
