Part 11/14:
Regarding ETFs and regulatory acceptance, Morehead notes that, despite delays, the landscape is gradually improving. He criticizes the U.S. SEC’s historical skepticism and market manipulation concerns, arguing that Bitcoin's market size and liquidity make it much harder to manipulate than other markets like gold or stocks. He calls for more regulated Bitcoin ETF options, emphasizing that a well-regulated ETF would provide a “safe way” for retail investors to gain exposure.
He also refers to interviews with regulators and advocates that highlight the double standards—allowing derivatives on market manipulation but hampering transparent Bitcoin ETFs—arguing that repression doesn't stop adoption but pushes interest into opaque channels or private investments.