Accéder au contenu principal

We Asked ChatGPT if the SEC Will Approve a Spot Bitcoin ETF This Year

TL;DR

  • Fake reports claimed the SEC approved BlackRock’s spot BTC ETF application in the US; however, approval hinges on the regulatory environment, market maturity, and custody solutions.
  • ChatGPT suggests that a Bitcoin bull run in 2024 could be influenced by factors like supply and demand, institutional interest, and regulatory developments.
  • Bitcoin might approach its all-time high of $70,000 in 2024, especially due to the anticipated halving event, which has historically boosted BTC’s value.

What Could Influence the SEC’s Decision?

The crypto community cheered yesterday’s reports indicating that the US Securities and Exchange Commission (SEC) finally approved BlackRock’s application to introduce a spot BTC ETF in America. However, this turned out to be fake news, and the price gains registered by most digital assets and the overall enthusiasm quickly evaporated.

Still, the question of whether the first spot BTC ETF would go live in the US anytime soon remains a top trending topic in the space. We asked ChatGPT if this development could see the light of day before the end of 2023.

The AI-powered language model suggested this could become a reality, assuming several crucial factors are in place. The regulatory environment was labeled as the most important element:

“The SEC, for example, has expressed concerns about market manipulation, custody, and investor protection in the context of Bitcoin ETFs. Changes in the regulatory landscape can impact the likelihood of approval.”

Market maturity and custody solutions were also outlined as key factors for the regulator to say “yes” eventually. Proposals that address market manipulation concerns, enhanced investor protection, and favorable public opinion might influence the decision, too. 

What About a BTC Bull Run in 2024?

We previously asked ChatGPT whether next year could witness a price rally for the primary cryptocurrency. According to the result, such a surge could be propelled by ten vital factors, including increased supply and demand, institutional interest, regulatory developments, massive purchases from giant institutions, and others. 

The language model further estimated that BTC could jump to its ATH of almost $70,000 in 2024 due to a potential overall bullish year, positive momentum, and a successful halving event.

The Bitcoin halving is scheduled for the following spring and will reduce the reward miners receive for adding new blocks on the blockchain. The event has historically resulted in a bull run for the leading digital asset.

Meanwhile, on a rather unrelated note, we recently released a video on how many Bitcoin billionaires there are in the world, and the answer might shock you. Check it out here:

SPECIAL OFFER (Sponsored)

Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

PrimeXBT Special Offer: Use this link to register & enter CRYPTOPOTATO50 code to receive up to $7,000 on your deposits.


Source link

The post We Asked ChatGPT if the SEC Will Approve a Spot Bitcoin ETF This Year appeared first on Job From Home Blog.

Libellés :

Commentaires

Enregistrer un commentaire

Posts les plus consultés de ce blog

Jojobet (464)

Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Jojobet bahis adresi ua – En Güvenilir Bahis Sitesi 2021 Geri dönüşü yüksek bir heyecana hazır olun! Heybetli rekabet atmosferinde keyifli bir oyun deneyimi sunan öncü bir bahis platformuna hoş geldiniz. İnternetin en güvenilir ve güçlü adreslerinden biri olarak, size en üst düzey kalite standartlarına sahip online bahis fırsatlarını sunmaktan gurur duyuyoruz. Bahis ve şans oyunları tutkunlarının beklentilerini aşan kapsamlı hizmetlerimizle sizi unutulmaz bir yolculuğa çıkarmak için buradayız. Profesyonel ekibimiz, Türkiye’nin en donanımlı ihtiyaçlarına uygun olarak sürekli yenilenen bahis seçenekleriyle geniş bir kumarhane atmosferi ile etkileyici deneyimler sunar. Farklı spor dallarında eşsiz tahmin ve analiz araçlarıyla dolu olan platformumuz, kazandıran oranlarla sizden tam not alacaktır. En yeni teknolojik yazılım alt yapımız sayesinde, kesintisiz ve sorunsuz oyunculuk deneyiminin tadını çıkarabilirsiniz. Şansın, yetene...
Enregistrer un commentaire
Lire la suite

Space loves AI, AI doesn’t love Space

Space-related applications of artificial intelligence and machine learning are often confined to the ground because moving AI onboard satellites, while promising, is significantly more difficult. “Running AI in space is like running a marathon on the moon — impressive if achieved, but limited by the environment,” said Sylvester Kaczmarek, chief technology officer at OrbiSky Systems, a London startup focused on AI edge operations. Advanced processors are power hungry, meaning satellites with onboard AI require large solar panels and extra batteries. Plus, “radiation in space can fry electronics,” Kaczmarek said. Power management is another problem. Many AI devices require very high currents at low voltages. “The demands that AI devices place on power management are new to the space industry,” said Bert Vermeire, Voyager Space chief technology officer. “There are no good solutions with space heritage and it is difficult to identify efficient and small form factor power and manageme...
Enregistrer un commentaire
Lire la suite

Earn BIG Commissions in 2023

In this post, we’re looking at the best niches for affiliate marketing . So, if you’re struggling to choose a niche for your blog or YouTube channel, this list will help. In this list, you’ll learn some key information to help you determine which is the right niche to choose for you. Information like: How big the niche is and its market share The products you can promote Sub niche ideas And some commission rates you can expect Keep reading. Best Niches for Affiliate Marketing We’ve researched and broken down 21 of the best niches for affiliate marketing, so you don’t have to. Let’s dive in. 1. Artificial Intelligence The Artificial Intelligence industry has exploded in recent years and is projected to be valued at close to US$2 trillion by 2030. That’s what makes this one of the best niches for affiliate marketing today. There is also a wide range of AI tools to promote with generous commissions. For example, LinkWhisper is an AI content optimization tool for SEO of...
Enregistrer un commentaire
Lire la suite