Part 5/16:
He dismissed the notion that approval might occur within a specific window between November 10 and 17, explaining that the SEC’s actions depend on public comment periods, application responses, and comprehensive disclosures. Notably, the expert believes that multiple applications are lining up for approval simultaneously, possibly to ensure a fair process — a strategy to prevent a single entity like BlackRock from monopolizing the market.
He observed that BlackRock’s involvement signals both a firm belief in Bitcoin’s future potential and a strategic move informed by profound understanding of macroeconomic risks, including the U.S. debt crisis and monetary policy shifts.