Elon Musk Speaks After Bitcoin ETF Approval: Bitcoin and Dogecoin Promises

Original author：Uzmancoin

Original source：https://www.youtube.com/embed/pKJBpQyculo

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0:00 Introduction
0:06 Bitcoin ETFs officially approved
0:48 Bitcoin statements from Elon Musk
1:17 Mehmet Şimşek: We have reached the final stage
2:01 ETF comment from Binance CEO
2:24 Share buyback from Ripple
2:50 JPMorgan CEO Dimon: Bitcoin has no value

And now a brand new page is opening for Bitcoin. The US Securities and Exchange Commission announced its ETF decision and approved all applications. Thus, Bitcoin will have the chance to get a share of the ETF market in the USA, which exceeds $ 6 trillion. Bitcoin ETFs will be open for trading starting from 17.30 today. It is a matter of curiosity how ETFs will start their first trading day. Estimates are that there will be an inflow of $4 billion into these funds tomorrow. On the other hand, SEC Chairman Gary Gensler said in his statement regarding the approval, "Just because we have approved ETFs does not mean that we approve or support Bitcoin." said. Gensler claimed that Bitcoin was used for illegal purposes.

Tesla CEO Elon Musk made statements about Bitcoin after the Bitcoin ETF approval. In a space broadcast he attended, Musk said that he was open to the idea of ​​using Bitcoin in X. While the billionaire entrepreneur emphasized that he thought very little about Bitcoin, he stated that SpaceX still had a significant amount of Bitcoin. Meanwhile, Musk stated that he also owns a large number of Dogecoins. Claiming that Bitcoin is similar to gold, Tesla CEO argued that it is not sufficient in terms of payments.

Minister of Treasury and Finance Mehmet Şimşek said that they have reached the final stage in the regulatory work on cryptocurrencies, which has been frequently on the agenda lately. Making a statement to Anadolu Agency, the minister stated that they first took steps to reduce the risks of those who transact with crypto assets in Turkey, similar to international practices. Stating that the license for trading platforms will be given by the CMB, Şimşek also emphasized that their focus will not be on taxes. Şimşek said, "Our approach is not restrictive, but will be based on eliminating uncertainties and controlling possible risks. At the same time, we aim to pave the way for the development of blockchain technology and crypto asset ecosystem." said.

Binance CEO Richard Teng compared Bitcoin ETFs to the gold ETF of the past. Teng said, "Did you know that the first gold ETF was approved in November 2004, when the gold price was $700? The gold price rose over the next 7 years, reaching $2,450 in 2011." he commented. Binance CEO underlined that what he wrote is not an investment advice.

Ripple will buy back $285 million in shares from the company's early investors and employees. Ripple CEO Brad Garlinghouse said they plan to regularly buy back more shares to provide liquidity to investors. Garlinghouse added that there are no plans to go public in the US anytime soon due to regulatory uncertainty. The value of Ripple company was measured as 11 billion dollars.

JPMorgan CEO Jamie Dimon once again spoke about Bitcoin and used harsh expressions again. Saying that Bitcoin has no value, Dimon said, "Its main use is sex trafficking, tax evasion, money laundering and financing of terrorism." said. Dimon's statements are surprising considering that JPMorgan is an authorized participant in the approved ETFs.

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