SEC Chair Gensler on bitcoin ETF approval: The underlying asset is highly speculative and volatile

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Күн бұрын

SEC Chair Gary Gensler joins 'Squawk Box' to discuss the agency's approval of 11 spot bitcoin ETFs, what the decision means for investors, prospect of future crypto ETFs, and more.

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@abeperez51 4 ай бұрын

Translation. Yes we approved it because grayscale won a lawsuit but we still don’t like it because we have allegiance to Wall Street and the incumbent banking system.

@SpartanDeluxe 4 ай бұрын

Yes. And: I approved it myself under these 5 people because I want a job in crypto after my SEC era 😂

@lgrrf 4 ай бұрын

And: I refuse to answer some of the hard questions you made. I prefer to answer vaguely or not answer at all.

@Arun_Kumar_UK 4 ай бұрын

We will do what's good for wallstreet and the banking system as long as we can get away with it.

@rmb7355 4 ай бұрын

Exactly! That was the point of De-Centralization. To be free from the Organized Banking System!

@sebi-po3hi 4 ай бұрын

Secretly he likes bitcoin

@kylerupp4378 4 ай бұрын

More crime has been done with us dollar than any other currency

@geoms6263 4 ай бұрын

More crime has been done with us weapons than any bitcoin😀

@jordanjay1479 4 ай бұрын

Lol. Right! Bitcoin is actually highly traceable. There are terrorists that have been caught because that. The dollar is still better loll

@RT-gj5bp 4 ай бұрын

Gold Comment 💯

@HelloWorld-hb7yt 4 ай бұрын

it's the reserved currency, legal or not

@markhill5519 4 ай бұрын

That's a fact. Who launders money on a public blockchain, lol.

@brianwhitehawker1756 4 ай бұрын

Overall, 51% of traders think this year would favor stocks, mutual funds, and other equity-based investments, despite Treasury yields and other safer cash-like investments paying big. I’m looking for opportunities in the market that could fetch me $1m ahead of retirement by 2025

@Jadechurch-ql3do 4 ай бұрын

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with pointers on equities to acquire

@lucaswilliams9992 4 ай бұрын

True. Having the right financial planner is invaluable. My portfolio is well-matched for every season of the market and recently hit 90% rise from early last year. I and my CFP are working on a 7 figure ballpark goal, though this could take till Q3 2024.

@yeslahykcim 4 ай бұрын

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

@lucaswilliams9992 4 ай бұрын

Leila Simoes Pinto' is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

@geraldt331 4 ай бұрын

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.

@johnt5897 4 ай бұрын

I can’t believe how much Gary is pushing back against Bitcoin, especially when he knows so much about it. Really makes me wonder what goes on behind closed doors.

@calvindaves8541 4 ай бұрын

He's pushing it down to short it, aka manipulating the market. I like thecway he rails on illicit use of bitcoin. You know what has been used more than bitcoin for illicit use? Freakung cash, fiat currency.

@kyleevaldson 4 ай бұрын

Mofo definitely owns a ghost wallet and want to buy the dip 😂😂😂 #whalealert can we do an audit on genslers 11,000 Bitcoin? 😂😂

@BlacksmithMD 4 ай бұрын

He said multiple times its a non security,commodity Token like Gold,even He cannot deny BTC is fair Asset

@delduked 4 ай бұрын

Gary Gensler is the worst. Talked with SBF on a regular basis and didn't notice the FTX disaster. But somehow go after LBRY and Ripple and other businesses to try and destroy them

@quikslvr01 4 ай бұрын

It is not SEC business to endorse or promote securities. Therefore, they should not have any opinions about approved securities in the first place. Imagine if they say they like certain ETF's over others.... Gensler is manipulating markets in this case. He is outside of his authority.

@stephanwuertz9988 4 ай бұрын

People with money and power tell gary gensler what to do. Especially Banks

@seth917 4 ай бұрын

The entire SEC should be abolished. How did it do in 2007? It's a joke and a violation of the American Constitution.

@oldeenglish64 4 ай бұрын

Exactly. Thats why it was shut down many times before and Blackrock was able to push it through. Gensler is completely full of it.@@stephanwuertz9988

@rgrip5452 4 ай бұрын

I hate listening to Gensler.

@sebastian9687 4 ай бұрын

I think Gary the G is right . Dies etf Things will ne Like a Trojan horse of centralization

@Aziz__0 4 ай бұрын

It's been quite a pump. But you know, with crypto, the big question is always when to take profits. What are your thoughts on that? I've been holding $250k worth of crypto since 2021 and seen it pump n dump

@Natalieneptune469 4 ай бұрын

its not late to consider financial planning, never can tell what the future holds

@PhilipMurray251 4 ай бұрын

I've been keeping an eye on the charts, and it does look like a major breakout. The real challenge is predicting when this pump will end. Timing the market can be tricky.

@sheltonPston 4 ай бұрын

Right, when it comes to situations like this, it's ideal to engage in various options using an advisor, and I can attest to success of the basket approach seeing my portfolio grow from $350k to almost $1m in barely 3 years, by far my best financial milestone.

@Aziz__0 4 ай бұрын

think you could suggest any professional/advisors i can get on the phone with?

@sheltonPston 4 ай бұрын

Nicole Desiree Simon is her name. She is regarded as a genius in her area and works for Empower Financial Services

@Spenca101 4 ай бұрын

Imagine creating a currency that's not backed by anything, that decreases in value over time because you can just keep increasing the supply of it whenever you feel like and distribute it however you feel like. Sounds like a scam right? Well that's the US Dollar and it's ironic that Gary Gensler is trying to protect it by trying to say Bitcoin is used for illicit activities...

@broom3373 4 ай бұрын

Well said my friend'

@p3co_ 4 ай бұрын

Absolutely 💯

@ljones85 4 ай бұрын

Excellent statement

@sermal14 4 ай бұрын

US dollar is backed by USA Government who has more assets than you can ever think of. US dollars in bank account are protected by FDIC. What is Bitcoin protected by?

@Spenca101 4 ай бұрын

@@sermal14 Thank you for your reply; I must respectfully disagree with you though that he US dollar is not a backed currency; it used to be backed by gold but this isn't the case anymore, as with most fiat currencies around the world. It's value is determined by peoples' belief in it; the same as Bitcoin. I'm aware the US Government has plenty of assets, but it also has $34 Triilion of debt and it keeps just printing more and more dollars to combat this, devaluing the dollar and decreasing belief in it over time. The dollar is a more stable currency in terms of value because its controlled by the central banks. But that's the difference; Bitcoin is not controlled by just one entity and it gives people the option to have a store of value to combat inflation of fiat currencies, it's considered a digital gold by many. Yes it is a volatile asset now but it will become less so over time. Despite this investors should know the risks involved in putting their money into Bitcoin and other cryptocurrencies, just as with stocks and other investments.

@oldscratch3535 4 ай бұрын

The US dollar is used way more in illicit activities.

@Audimartini 4 ай бұрын

Everything is used in illicit activity

@kethaspittah06 4 ай бұрын

Exactly!!! That’s why I don’t understand whats the argument. But at least you get it.

@an152771 4 ай бұрын

yes and harder to track unlike BTC with every transaction recorded in a public ledger. However, other private cryptos like Monero will be in the crosshairs of the federal government because there is no paper trail and huge in illicit activities.

@zachyates8440 4 ай бұрын

The best thing humanity can do is embrace BTC. The money printers have failed us.

@jofujino 4 ай бұрын

Not really, as the price of bitcoin rises the mining of it increases which increases the massive amounts of energy used to mine for bitcoin. That directly contributes to climate, which is very bad for humanity. Honestly, even if you're skeptical of fiat currencies the solution is just to invest in and hold assets (real estate, stocks, inflation adjusted bonds, or private equity). Don't keep your money in cash or cash equivalents like T-bills. Just because there's a problem with fiat currency doesn't mean bitcoin is the solution.

@no1no1655 4 ай бұрын

😂 when this market blows up, the disaster will crush hunanity😢

@Wigalot 4 ай бұрын

@@jofujinoGlobal BTC mining uses less than 1% of electricity produced globally. All the centralised banks in the world use more power just keeping the lights on each year.

@parvindersingh8821 4 ай бұрын

Btc has value because of the dollar

@joaosampaio4039 4 ай бұрын

The best is to completly abandon the idea that we somehow need to leave on a competitive society based on Numbers in our pockets.

@Sudeepa-Harsha6902 4 ай бұрын

Since you mentioned AMS35X, Im a subscriber now. Awesome video and great altcoin suggestions!

@p3co_ 4 ай бұрын

Stop with the Amazon scam BS

@user-lz3yv5vj4t 4 ай бұрын

I was sure last year would end terrible for me but I think AWT77K is spot on with what they do and how they do it. Cant say for how long its going to work and for sure it is overyhped right now but even if just half a year or something it would be smart to ride the wave and then jump away eventually, but the reason why this is smart right now is because its so cheap, wont ever find a better entry than now

@natsaan 4 ай бұрын

Scam. Amazon categorically does *not* have a crypto product

@kuntryboimike 4 ай бұрын

wrong. read the publications by new PR, this is not 2021

@p3co_ 4 ай бұрын

@@kuntryboimikeBS. Stop shilling the scam and get a real job.

@evaluatorhvac4400 4 ай бұрын

He’s like talking to an AI answering machine.

@Arational 4 ай бұрын

Bitcoin is a very poor venue for illicit activity as all transactions are immutable on the blockchain. The FBI easily tracks those foolish enough to use Bitcoin for illicit activity. The US dollar is the standard for illicit activity.

@geoms6263 4 ай бұрын

thanks for sharing we need to be more careful

@ReneSalasDesign 4 ай бұрын

The US prefers it this way so that they can continue to participate in illicit activities under cover. If the majority of illicit activities moves onchain, then the jig is up for the US gov and all the other nation states participating in the global black market.

@scc12321 4 ай бұрын

@@ReneSalasDesignyeah imagine having all of the CIA’s illicit transactions present on the blockchain 😂

@broom3373 4 ай бұрын

True

@Husna-Ballari1931 4 ай бұрын

Ive had the feeling BTC would be going to 50k as well. Clearing out all my Alts going into BTC and AMS35X only, maybe a little BNB.

@p3co_ 4 ай бұрын

Have fun losing all your money on the stupid Amazon scam.

@ivankovachev1784 4 ай бұрын

Poor you, fomoing in an exhausted run..

@mrsentencename7334 4 ай бұрын

@@p3co_I think this is a bot bro that’s promoting the scam

@bsusi93 4 ай бұрын

In 2024 with the ETFs and halving and everything coming up the biggest change to everything will be AWT77K hands down. They worked for years to get this done and needless to say how much impact will rise from that.

@p3co_ 4 ай бұрын

🤮

@OhQuickly 4 ай бұрын

scam alert

@HildeVanlaere-bk4sb 4 ай бұрын

Hello

@Degencryptotaktik 4 ай бұрын

😃 brc20 $ordi 🕺🏾😁 new bitcoin

@bsusi93 4 ай бұрын

bunu ben yazmadım

@Kaodusanya 4 ай бұрын

I’m so freaking proud of Joe I can’t believe he actually understands it.

@jlvandat69 4 ай бұрын

Joe understands very little.....that's why he babbles on and on. He's trying to say "something" but never really gets there.

@Kaodusanya 4 ай бұрын

⁠@@jlvandat69the fact he calls gensler on the fact that the underlying asset is still decentralized so the etf being centralized isnt as big an issue. Also called him out on the fraud statements which are objectively false considering how the fbi has mentioned that the blockchain has helped then find criminals. He might not understand blocksize and more technical aspects but still

@adamsam6823 4 ай бұрын

🤣@@jlvandat69 that's hilarious ,so true

@filthyfinancials1622 4 ай бұрын

@@jlvandat69He understands Gary is a fkn hypocritical compromised lyer about the topic. That's clear. I am very happy Joe is doing his best to be honest and tying to understand.

@bahlsdeepe868 4 ай бұрын

Joe is sneaky smart

@Amansahuvlogs-br2mp 4 ай бұрын

I'm still bullish on crypto. Buying the dip on great projects like Algorand and AMS22D 😎

@OaseDaniel 4 ай бұрын

Go Algo

@p3co_ 4 ай бұрын

Algo, sure, but the stupid Amazon scam, run!

@Mandeep-Purvaja5532 4 ай бұрын

Thank you for this video. There are so many uninformed people out there when it comes to AMS35X

@p3co_ 4 ай бұрын

There are so many scam bots out there shilling this Amazon scam.

@montetanktankkiller700 4 ай бұрын

@@p3co_ its annoying

@jasonjadrnak6841 4 ай бұрын

@@p3co_it's disgusting

@coffeelink943 4 ай бұрын

Dumb scammers

@Wilso387 4 ай бұрын

You hope....so you can shill them a bag of total worthless cr@p. Shame on you.

@Jidn 4 ай бұрын

Andrew, thank you for being a legit journalist. Whether you agree with the concept of BTC or not.

@kamalnz 4 ай бұрын

forever ingrained in the history books as the man who tried to stop bitcoin and failed

@oholimoli 4 ай бұрын

SCAM

@p3co_ 4 ай бұрын

@@oholimoli?

@AbsoluteDegens 4 ай бұрын

And even funnier was forced to be the first SEC member to approve a Bitcoin ETF 😂

@10010error 4 ай бұрын

@@AbsoluteDegens money talk

@user-so4ti6hq9c 4 ай бұрын

Like the Grinch who stole Christmas 😂

@daspec 4 ай бұрын

"We approved it because something changed" - TRANSLATION : Black Rock and Fidelity called and said " You bozos can't even protect your Twitter account. Approve the ETF or start looking for another job! " 😂

@ruskiessuck3337 4 ай бұрын

1000% Right!

@user-og7jf4pu5x 4 ай бұрын

This is gonna be a crazy year for digital assets now with AWT77K right? We already are set in for the bullrun anyway and if companies like them enter the field and make their own asset which will be integrated widely and used by the mass then we are on the bottom of the mountain with only one way which is upwards

@aeromotive2 4 ай бұрын

good scam

@DjangoVonShaft 4 ай бұрын

Stop shilling no one cares!!! It's only BTC🎉

@kuntryboimike 4 ай бұрын

it just came in. It is real. Read the PR on all of this, this IS more important than the ETF

@kuntryboimike 4 ай бұрын

Chris if you see no value in Amazon running crypto you are just not made for this

@user-ed7rn2bq6r 4 ай бұрын

This is real read the PR! It just came in today

@markosviancos1282 4 ай бұрын

Here is my take: all those companies that applied for ETF had a strategic plan, they knew already that the moment they get ETF approved, they had one goal. That is to go out there and sweep and clean that mess in the house and bring the price to a level where they could comfortably enter. They were never ever going to buy bitcoin at 49K never. They will drop it, drive fear into the market and when every one wakes up, that's when they will start pumping again. No doubt, the price could reach 100K by end of 2024, but for now, watch out, they are on a clean up campaign

@iamkyros2233 4 ай бұрын

Strong theory, seems like it all came out from where the sun don’t shine.

@runninfool 4 ай бұрын

Totally agree

@rowanbailey6244 4 ай бұрын

It just sell the news buy the rumours as old as time itself

@rowanbailey6244 4 ай бұрын

Nonsense it just sell the news buy the rumours ..as old as time itself

@TinRapper 4 ай бұрын

Got any counterpoint, or anything that involves a brain? instead of name calling?

@nebilkedir06 4 ай бұрын

Exciting times for Amazon’s *AMS22D* and it's community.

@p3co_ 4 ай бұрын

Ok, but your problem is this is the real world, and Amazon does not have a token, cough cough scammer.

@coffeelink943 4 ай бұрын

Ok scammer. Amazon says they have no interesting in crypto. Explain that?

@bmo8898 4 ай бұрын

my god man, how does this guy have the job he has

@joeknowscryptos5339 4 ай бұрын

He is bought and paid for and has an agenda plain and simple. If he was a professor at MIT he understands the value of BItcoin to regular people but is t allowed to say it and they way he tried to word it makes him look like he is stupid, but he’s not he’s very smart but it’s hard to lie

@TheRedPillMan97 4 ай бұрын

Corruption

@Sushmita-Shubhra82703 4 ай бұрын

between the two, I think I would still support Amazons AMS35X : technically speaking, years ahead of the competitors,Brand power, easy development, flexible with source languages, quick tx...

@PhillipJohnson-ls2ec 4 ай бұрын

Cough cough eeehhh is it scam or?

@p3co_ 4 ай бұрын

@@PhillipJohnson-ls2echaha, definitely a scam. There are many tells, but the fact the there are over 1k likes makes it a no brainer to spot. Anything that says Amazon is a scam.

@GrahamWilliams-jh5fw 4 ай бұрын

As an Investing enthusiast, I often wonder how top level investors are able to become millionaires off investing.. I've been sitting on over $545K equity from a home sale and I'm not sure where to go from here, is it a good time to buy into stocks or do I wait for another opportunity?.

@jessicasamuel7003 4 ай бұрын

You see in the stock market, bigger risk begets bigger results that can work in the bulls' favor. I think investors who are wary of the changing market trends should seek out bear/bull mrkt directions from certified strategists.

@jeremiahfamous197 4 ай бұрын

folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

@spacepathfinder1 4 ай бұрын

He just can't swallow that he had to aproove ETF.

@Zhello79 4 ай бұрын

Lol you can see it in his face, he is salty about it all 🤣👍🏾

@user-hv5fb9tb5c 4 ай бұрын

I'm new here please. What are the best strategies to make huge money/profit through cryptocurrency trading ?

@francisandrew 4 ай бұрын

Someone suggested that crypto trading is far better than buying to hold for a long time but I have no idea whom to direct me or even trade for me.

@Albert_-926. 4 ай бұрын

Glad I got into crypto when I did because it's been a turning point for me financially been my best decision so far

@johnhowell2387 4 ай бұрын

Inspiring! Do you think you can give me some advice on how to invest in a healthy way as you are doing?

@Christopher-df5qw 4 ай бұрын

Bitcoin has been unstable for a while now and could fall further or close to rise again. The truth is that no one knows, I believe it's the right time to buy and also get a pro's assistant

@ifeomaezeobi9572 4 ай бұрын

How can someone know a professional trader that's trustworthy when legit once are hard to find these days

@MVDA194 4 ай бұрын

shaking like paper hands, mr gensler is

@MegaSnowman35 4 ай бұрын

The question should be asked: Gary, do you personally have any cryptocurrency in any form in your portfolio today.

@nicholasbell6128 4 ай бұрын

Well done CNBC for having presenters, interested in both sides. Whilst I don't feel that Joe is the best person to make the case for bitcoin, he didn't do a bad job. Gensler made some pretty poor arguments in my view. I suspect he has some more valid objections, but he doesn't seem like a particularly effective communicator

@acidthunder1 4 ай бұрын

He is a politician. He doesn't believe the words he is saying, he works for Wall street and legacy finance

@jeffrey2705 4 ай бұрын

Why is Gary Gensler shaking so much in this interview? His hands are so unsteady when he is using them to talk. Something going on with his health??????????

@Viveka-Purnima407 4 ай бұрын

All of them are really nice picks. But the potential of project that elegantly combine blockchain and AI is Amazons AMS35X and should not be overlooked, I guess. Among them, this truly tackle real-world problems and have vibrant ecosystems, like Aiwork.

@ignaciogonzalez8716 4 ай бұрын

Scam

@lx4302 4 ай бұрын

Video length 9:11, intentional?

@bratface7305 4 ай бұрын

I feel like I lost a few brain cells listening to him!

@louiedangelo3843 4 ай бұрын

Gensler is a clown and crook .

@Jammuty 4 ай бұрын

It will take some time to understand how Amazons AMS22D is having the most impact in these times. After all the downswings and failures of last year it's about time that someone integrates assets into a useful scenario and that's exactly happening with this asset right now. It will be exciting to see how they develop this product in the future. What do you guys think? Would like to hear some opinions

@ignaciogonzalez8716 4 ай бұрын

Scam

@davidjackson2179 4 ай бұрын

Scammers have gotten completely out of control. KZfaq failing to protect their users at all.

@DDDhorus 4 ай бұрын

He has my respect and Gary did a good job,

@p3co_ 4 ай бұрын

@@DDDhorusBS

@qryptoq4983 4 ай бұрын

No lies were said and if you didn’t take a hint, you were not listening. So easy to hear his true opinion, his view of the future and his approval of silver, sorry i mean ETH. - kudos for a great interview that allowed the listeners to get indirect answers to the questions we want to know.

@NightRidah777 4 ай бұрын

He knows there is no logic to hating BTC esp when compared to the dollar which is why he can't answer a question straight.

@joyjayant 4 ай бұрын

Why is he shaking as if someone is pointing a gun at him😮

@billionairefaith1 4 ай бұрын

Gary looks stressed and tired lol

@TheRedPillMan97 4 ай бұрын

Working for sleepy Joe and the democrats will do it to yah clowns

@shieldtablet942 4 ай бұрын

Also know as "Unhappy Gensler has to do interviews". Kudos for Joe for really putting Gensler on the spot with really well put together subjects.

@campeon 4 ай бұрын

great questions, answers from Gensler are evasive as always

@CharlesOlivia-tf6tn 4 ай бұрын

The crypto market is going through storm after storm. The question of profitable investment becomes both more urgent and more complicated.

@DonaldBrian-ie3tv 4 ай бұрын

But people who follow crypto trends closely know that this situation has an accessible and transparent solution.

@fbertrams8399 4 ай бұрын

BTC vs Gensler : who or what is more fraudulent??

@jctributaris5709 4 ай бұрын

My takes from this video: 1) he was forced to approve the BTC ETF, this one was pretty clear from his notes, 2) he definitely thinks ETH is a security (and most alts), 3) he knows much more about BTC than the vast majority of crypto enthusiasts, really dont think hes against it (the rest of the industry thats another story).

@sermal14 4 ай бұрын

I like my US dollar bro. Back by US government and protected by FDIC insurance. BTC not my thing

@tanpotgs5313 4 ай бұрын

He's the best and not giving a direct answer to the question.

@KingPromise-hk2cm 4 ай бұрын

I really appreciate the dedication in each video you post. Despite the dip in crypto, I still thank you for the level-headed financial advice. I started crypto investment with $4,345and since I started following you for the few weeks now, I've gotten $18,539 in my portfolio. Thanks so much Brian M Roberts

@DonaldChris-mi7gj 4 ай бұрын

I'm surprised that you just mentioned and recommended Brian M Roberts. I met him at a conference in 2018 and we have been working together ever since then till date.

@DavidGary-jc1wl 4 ай бұрын

You invest with Brian M Roberts too? Wow that woman has been a blessing to me and my family.

@BrianMason-ku4zi 4 ай бұрын

I'm new at this, please how can I reach her?

@AcharaKiet 4 ай бұрын

he's mostly on telegram, with the user

@syafiqazmanophthal 4 ай бұрын

its because of blackrock so gensler cant reject it 😂

@SITO-TV 4 ай бұрын

Yup when blackrock applied , i knew right away itll be a sure thing

@newhome2129 4 ай бұрын

Great host and great questions

@conradpene9093 4 ай бұрын

Good on you Gary. As much as your hated at least your trying to do the best by the people. Thank you though for the spot etf approval I think we’re all looking forward to taking a chance and see global economics reach new heights

@mrdavidparsons200980 4 ай бұрын

Salty Gensler…

@daxrico266 4 ай бұрын

I love to see it!

@southernphunk 4 ай бұрын

0:40 nothing has changed about Bitcoin 😂

@planetarygodzilla 4 ай бұрын

They wanted to stop crypto so they brought in the guy who understood it the most. Genius move, but not enough as it seems.

@user-dk8eq6rj1u 4 ай бұрын

Considering Block Sailor BLOCK for its safety features. Interested to see how it performs in the market.

@najmussakibsaycot7454 4 ай бұрын

SEC got only 2 issues with BTC 1. cannot print it 2. cannot create inflation anymore Money is only paper though, Its people’s believe which makes it valuable so is BTC but this time with proper ledger maintained.

@sermal14 4 ай бұрын

You know US dollar is backed by US government and is protected by FDIC insurance. What is Bitcoin protected by? Hindi mein bhi baat kar Sakta hai tu. Is Bitcoin insurance like US dollar?

@erolv3204 4 ай бұрын

Hey Gary Gangster..thx for the manupulative environment in the last week that cost millions for small investors..

@jlvandat69 4 ай бұрын

Gensler sees the crypto dilemma far better than most realize. He and the SEC are caught in very difficult, very unique situation unlike anything that organization has ever encountered. His extreme reluctance to grant the ETF's is simply because although the applications are "legal" the underlying asset is illegitimate and not sustainable. He KNOWS what th crypto end game is......very ugly, and he wanted to protect the average guy on the street by avoiding the ETF's and the associated illusion that crypto was somehow viable. But the Big Money forced his hand. Note he has made it clear that he does not endorse Bitcoin as viable. By making that statement, he has covered his butt the best he can for the day when it all goes very south.

@aportilla007 4 ай бұрын

@vicarious4961 4 ай бұрын

Ugly end game?? You do realize that blockchain technology isn’t going anywhere right?

@jlvandat69 4 ай бұрын

@@vicarious4961 "You do realize that blockchain technology isn’t going anywhere right?"....Blockchain will expand in use exponentially, but non-fiat crypto will disappear, or close to it.

@davidwthomson9641 4 ай бұрын

I thought in the interview he would call them instead of 'hucksters' they would be ..'Finksters' (?)

@fab-infotech-solutions 4 ай бұрын

This is a great channel, sticking to facts and defeating scams like Gary Gensler. He doesn't have a clue or trying to act stupid not understanding the cryptographic economy!

@Bryanbkk 4 ай бұрын

5:16 Sick burn

@robusa5082 4 ай бұрын

Please ask Gary about MMTLP, he'll know what you're talking about...thanks

@clemensmaier8046 4 ай бұрын

Seems like he is "blaming" the pro Bitcoin etf decision on the court decisions prior in 2023. What he should have actually should have said instead, would be "The SEC didn't take any adequate regulatory steps to regulate a large sector of finance in the US and therefore forced the entities active in this sector to seek regulation from the courts, as the SEC failed to provide any regulatory guidance at all." That would have been the real truth, Mr. chairman Gensler.

@akprince7629 4 ай бұрын

Part of a very important coin been talked about in the BCL

@nextari 4 ай бұрын

Great job guys, but you missed an opportunity to ask him "when PEPE ETF?".

@Anasuya-Laabha447 4 ай бұрын

Hes so happy about the Recession coming in, like hes super excited to be witnessing it.

@timucinokur1985 4 ай бұрын

Wait did he call Bitcoin „non security commodity“? 👻👻

@user77654 4 ай бұрын

These new casters are pretty educated about bitcoin and crypto nice! And ask pretty good questions and correct him on the money laundering stats vs US Dollar lol haha nice!

@kv7591 4 ай бұрын

There goes the villain hand gestures. Gensler, Gates, Fink all have these hand gestures 😅

@PodcastCentral333 4 ай бұрын

gary is awesome. love him

@Tyuwhebsg 4 ай бұрын

The only highly speculative volatile asset used for illicit activity and money laundering here is Gary Gensler

@filippalexandrov1554 4 ай бұрын

So BTC is volatile. Should we stop from low cap companies to sell their shares?

@AlondraCarranza-kf6pc 4 ай бұрын

Block Sailor BLOCK's trajectory is fascinating. Share your insights!

@acidthunder1 4 ай бұрын

So is the USD. How devalued is it over 100 years since the fed?

@imacuser101 4 ай бұрын

What about asking Gensler about the class he taught? He was all about Bitcoin back then

@sys._2 4 ай бұрын

Xeventy caught my eye recently-thinking about diving in for some potential gains!

@alwayslearning4 4 ай бұрын

Seems like having to approve this BTC ETF gave him the shakes. Now I HIGHLY doubt that an ETH and other crypto assets will get an ETF. In fact, I'm pretty certain there's zero chance with Gary still in that seat.

@mskmsk7174 4 ай бұрын

Eth will be approved

@soloe100 4 ай бұрын

Why did Gary say exchange traded product? Not ETF

@rlhaff3560 4 ай бұрын

Hard to imagine Gensler is not influenced by his Big Finance buddies to destroy it since it DOES present a threat to traditional finance as it cuts out the middle man, (banks) and of course he never mentions that part of the story. It has few use cases because it is so young...most drastic innovations take a LONG time to get mass adoption. When Ford created the first car, there were few roads that were adequate for it, and no gas stations. It take time and BTC is very young.

@anomaly72443 4 ай бұрын

Nope, ultimately he was influenced to actually make the approval happen so the Big Finance wolves could now manipulate the crap out of the BTC market and subsequently the entire crypto market in return. We just witnessed the wolf being let right into the henhouse.

@siddharthb04 4 ай бұрын

Stock market these days are also highly speculative based on US Fed decision or outcomes of the decision.

@ste4742 4 ай бұрын

Great question Joe...well done

@angelgarma825 4 ай бұрын

Feeling the pulse of Block Sailor Token's electrifying energy! ⚡

@micks8800 4 ай бұрын

so Gary doesnt like btc volatility, but SEC approved futures, leveraged etf before spot etf? makes sense to anyone???

@open_water2411 4 ай бұрын

He’s completely wrong. Fiat is the king of money laundering - the clue is in the name.

@brayanminecraft9824 4 ай бұрын

Yes, we have already missed the deadline for those coins, but fortunately, we still have some possibilities, such Block Sailor BLOCK.

@user-eq6kl5fd8m 4 ай бұрын

Don't invest more than you can afford to lose. Crypto trading can be volatile, so it's important to only invest money that you're comfortable with potentially losing.

@DebbieClark22 4 ай бұрын

Right! And with the help of a crypto expert like you can make more

@33Treez 4 ай бұрын

GG was always a good guy regardless... He has to be in lockstep with the economy and the fed... and they can't do anything to cause bullishness so that wrench on the 9th wether hacked or by accident, it worked in the favor of creating a 50/50 environment to keep a "Free Market" as close as possible...

@patjolly 4 ай бұрын

So just like Gold (100 token ounces to 1 physical ounce) and silver (400 token ounces to 1 physical ounce) we can expect Bitcoin tokens to drop the value of Bitcoin to decrease100 fold, or 400 fold, and to be kept down there trough the ETF derivative mechanism

@BullsEye3333 4 ай бұрын

@patjolly8744 Yeah, that's what people said when we got bitcoin futures back in 2021. I'm not worried about price manipulation because it's inexpensive and fast to buy and self custody real bitcoin. It's expensive and slow to get real physical gold. And unlike gold, people will actually want bitcoin for the many benefits you get. Nobody actually wants silly gold coins. What they really want is more dollars. But people do want incorruptible, decentralized, trustless, unseizable, borderless, low fees, peer to peer, useful money like bitcoin, that they can actually spend. Plus, auditing gold is much more difficult than auditing bitcoin because bitcoin has a public blockchain open to everybody. The spot bitcoin ETF is good for people that want to own a lot of bitcoin and they don't necessarily want to custody all of it because they don't want to be responsible for all of their money. It's also good for people that just want to get in on bitcoin now and they'll figure out how to self custody later.

@user-og7vo1jl1q 4 ай бұрын

Thinking about diving into Block Sailor BLOCK? Let's discuss!

@filsish 4 ай бұрын

💚

@Lex41127 4 ай бұрын

why didn't the SEC interview after approving all the Spacs that went to zero

@holdtightappatton534 4 ай бұрын

We should not have a representative in the SEC that is not united

@williamwaleys865 4 ай бұрын

Then why did you approve the BTC futures ETF before it?

@AB-fz6el 4 ай бұрын

What about Cash?

@russv.winkle8764 4 ай бұрын

Did anyone ask Gensler for investment advice?

@jovitaperez5365 4 ай бұрын

The excitement for Block Sailor Token is reaching fever pitch! 🔥

@versatile891 4 ай бұрын

Andrew you Rock!!!!

@user-yk5vn3fr7v 4 ай бұрын

Awesome Joe!

@viperviperpiro 4 ай бұрын

Thanks ! i can still DCA buy BTC even cheaper after the ETF approval!!! Thanks Chair Gensler!

@profit-engine8001 4 ай бұрын

XRP was ruled, by a court, to be NOT a Security on Jul 13th, 2023. So, only BTC & XRP have been cleared as a currency/commodity, so when will an XRP ETF be approved?