Sun Ge's Douyin live broadcast
During the live broadcast, Sun Gee had two points of view that many people paid close attention to:
The first one is that SBF may be severely sentenced. I agree with this view. Basically, friends who have been following this matter know that SBF’s cases have recently been constantly tracing back the money spent before, whether it is advertising fees or other The sponsor, to put it bluntly, just wants to get it back to make up for the shortfall and reduce the crime. He himself knew that he was doomed this time.
The second point of view is that the Bitcoin ETF may be approved in the near future. I did not watch the live broadcast. I don’t know whether Sun Ge was talking about the Bitcoin spot ETF, the Ethereum spot ETF, or the futures ETF. All of them are different. But I don’t quite agree with Sun Ge’s point of view. The passage of the Bitcoin spot ETF is of great importance. It is a tool that makes it easier for retail investors to integrate with the crypto market. It is a bridge. If it is passed, it must be done before the U.S. government can make it. It can only be passed under clear legislative supervision. At least there is a clear bill, otherwise it may still be a mess after passing. What the U.S. government wants is regulatory power, which is the core. Therefore, until this core is determined, I personally do not believe that the ETF will be passed in the near future. Of course, it is not ruled out that the agenda of the encryption market supervision bill may be directly launched in the near future.
During the live broadcast, Sun Gee had two points of view that many people paid close attention to:
The first one is that SBF may be severely sentenced. I agree with this view. Basically, friends who have been following this matter know that SBF’s cases have recently been constantly tracing back the money spent before, whether it is advertising fees or other The sponsor, to put it bluntly, just wants to get it back to make up for the shortfall and reduce the crime. He himself knew that he was doomed this time.
The second point of view is that the Bitcoin ETF may be approved in the near future. I did not watch the live broadcast. I don’t know whether Sun Ge was talking about the Bitcoin spot ETF, the Ethereum spot ETF, or the futures ETF. All of them are different. But I don’t quite agree with Sun Ge’s point of view. The passage of the Bitcoin spot ETF is of great importance. It is a tool that makes it easier for retail investors to integrate with the crypto market. It is a bridge. If it is passed, it must be done before the U.S. government can make it. It can only be passed under clear legislative supervision. At least there is a clear bill, otherwise it may still be a mess after passing. What the U.S. government wants is regulatory power, which is the core. Therefore, until this core is determined, I personally do not believe that the ETF will be passed in the near future. Of course, it is not ruled out that the agenda of the encryption market supervision bill may be directly launched in the near future.
