Milestone day to recognize — SEC Approves Bitcoin ETFs for Everyday Investors. Bitcoin doesn’t need this to validate it or prove value but it is a big plus for the credibility of Bitcoin. BTC currently at $46,611 now.

Questions:

  • What will this do to Bitcoin demand?
  • What does this mean for MicroStrategy (MSTR) as they are effectively a Bitcoin holding company (in part) now.
  • If this “legitimizes” Bitcoin, what is the follow-on to Ethereum? And other blockchains?