I wonder if the fact that their account was hacked for this will influence their decision about whether to actually allow Bitcoin ETFs
SEC has not approved Bitcoin ETFs [fixed]
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Re: SEC has not approved Bitcoin ETFs [fixed]
#92The price of BTC initially jumped 3% on the hacked tweet. That's $25bn+ of market cap. The irony is the SEC itself is probably now responsible for the largest crypto pump and dump in history.
Twitter/X is not an authoritative source of news, regardless of whether it is an "official" account doing the Tweeting or not. Anyone can get a blue check by paying $8/mo.
Theres a few different colours now: https://help.twitter.com/en/rules-and-policies/profile-label...
Re: SEC has not approved Bitcoin ETFs [fixed]
#93The price of BTC initially jumped 3% on the hacked tweet. That's $25bn+ of market cap. The irony is the SEC itself is probably now responsible for the largest crypto pump and dump in history.
Twitter/X is not an authoritative source of news, regardless of whether it is an "official" account doing the Tweeting or not. Anyone can get a blue check by paying $8/mo.
what is an authoritative source? does it come with a certificate?
Re: SEC has not approved Bitcoin ETFs [fixed]
#94Is this fabled Bitcoin ETF really going to be the "to the moon" moment that everyone in the ecosystem seems to be expecting? From personal experience, I can't think of anyone who wants to buy Bitcoin but hasn't been able to by now. It takes a few clicks on Coinbase/Robinhood or a similar exchange. Plenty of 401k/IRA managers (including Fidelity) offer it as an option. So what exactly changes once this ETF is live?
Right, at this point, exposure to bitcoin is easy . this is not 2012 anymore.
Re: SEC has not approved Bitcoin ETFs [fixed]
#95Earlier quoted context omitted.
Twitter/X is not an authoritative source of news, regardless of whether it is an "official" account doing the Tweeting or not. Anyone can get a blue check by paying $8/mo.
The SEC twitter account has a grey check, which you cannot get by paying $8. https://twitter.com/SECGov
What does the grey check mean?
Re: SEC has not approved Bitcoin ETFs [fixed]
#96Re: SEC has not approved Bitcoin ETFs [fixed]
#97Earlier quoted context omitted.
Twitter/X is not an authoritative source of news, regardless of whether it is an "official" account doing the Tweeting or not. Anyone can get a blue check by paying $8/mo.
what is an authoritative source? does it come with a certificate?
How about a .gov domain name?
Re: SEC has not approved Bitcoin ETFs [fixed]
#98Earlier quoted context omitted.
Twitter/X is not an authoritative source of news, regardless of whether it is an "official" account doing the Tweeting or not. Anyone can get a blue check by paying $8/mo.
Theres a few different colours now: https://help.twitter.com/en/rules-and-policies/profile-label...
Blue checkmarks still got hacked when all it meant was the person was "popular".
Re: SEC has not approved Bitcoin ETFs [fixed]
#99The price of BTC initially jumped 3% on the hacked tweet. That's $25bn+ of market cap. The irony is the SEC itself is probably now responsible for the largest crypto pump and dump in history.
Imagine your bank balance is suddenly worth half as much because someone wrote a tweet. How is cryptocurrency still taken seriously?
I am not a fan of crypto, but I don't think tweet affecting something like that is an indicator of anything.
Something big can happen and only a very little information can reveal it to have happened. That is the power of speed of information and the scale.
Re: SEC has not approved Bitcoin ETFs [fixed]
#100The price of BTC initially jumped 3% on the hacked tweet. That's $25bn+ of market cap. The irony is the SEC itself is probably now responsible for the largest crypto pump and dump in history.
Imagine your bank balance is suddenly worth half as much because someone wrote a tweet. How is cryptocurrency still taken seriously?
Imagine your bank balance is suddenly worth half as much because somebody dropped a bomb? How is fiat currency still taken seriously?