SEC Chair Gary Gensler could be the most oblivious BTC pumper we have seen yet.

In the US, there is a tremendous amount of regulatory uncertainty fueled by lack of knowledge and FUD from our own congress as well as the head of the SEC, Gary Gensler. Gary, once a professor at MIT who mentioned HIMSELF that the vast majority of cryptocurrencies are commodities before his time at the SEC, has made it his personal mission to stifle both growth and regulation of cryptocurrency in the US. This is likely fueled by his political aspirations and being "tough on crypto", but the reality is crypto is so much bigger than one person, and one country. What Gary doesn't realize is that he may drive a mother of all pumps. And here's why:

The SEC has delayed multiple decisions on Bitcoin ETF approvals. The SEC has 240 days to respond to the BTC ETF applications (by ARK, and the mega Tradfi behemoth BlackRock), meaning the SEC MUST respond by early 2024 (January to March 2024). Of note, BlackRock has approximately $9.1 Trillion in assets under management (AUM). They are 474/475 when it comes to ETF application approvals. What does this mean? BlackRock thinks they should be allowed to offer BTC ETF to their clients (who have trillions of dollars in Blackrock), which could lead to incredible influxes of new capital towards Bitcoin.

There's a couple reasons why this gets approved:

• Bitcoin ETFs are widely available overseas. If BlackRock can't utilize Bitcoin ETFs for ungodly profits here in the US, they will take some of those assets overseas to profit off Bitcoin ETFs.
• The US government is greedy AF, and worse are the politicians within. You think Congress would be happy that little old Gary doesn't think Bitcoin ETFs should be offered to US clients and BlackRock, with $9 TRILLION in AUM, would then take some of those assets offshore? No, because that would impact Uncle Sam's bottom line to make sweet sweet tax gains.

So, little ole Gary has two options: not approve the Bitcoin ETFs and commit career suicide, or approve the Bitcoin ETF's en masse which would likely trigger huge influxes of capital from Tradfi into Bitcoin ETF's. And Gary may not be able to approve one at a time, as that would show favoritism and expose the SEC to potential lawsuits.

Little ole Gary has unknowingly, or knowingly, schemed a major pump, and here's why: he may be forced to approve a litany of Bitcoin ETF applications in the US in early 2024 at once. The new influx of capital would drive the price of bitcoin up. This timeline coincides with the Bitcoin halvening, syncing up two major events that triggers a MASSIVE BTC pump.

There's two rationales to why little ole Gary has schemed a mother of all pumps:

• Unknowingly: Little ole Gary thought he was bigger than crypto and could regulate the space with an iron fist. As he loses every day in the US courts and TradFi wants in, he can no longer hold down the beach ball under water, and we are set for a pump.
• Knowingly (conspiracy): TradFi is still trying to accumulate Bitcoin in preparation for future profits, and wants to keep the buy in price at a minimum. Given they want to deploy more capital, they want to keep the price of BTC as low as possible. By conspiring with Gary to delay BTC ETF application approvals, they are corroborating in keeping the price of BTC artificially deflated.

What does that mean for us retail crypto owners? We can keep DCAing and accumulating BTC at these "low" prices.

My theory is that Little Ole Gary has helped concoct a hell of a pump, and we can take advantage by accumulating what we can before the roof blows off if BTC applications get approved. So thank you Gary, I hope we may all capitalize on your ignorance and stupidigy.

TLDR: By delaying BTC ETF application approvals, SEC Chair Gary Gensler is syncing up potential BTC ETF application approvals by major TradFi institutions with the next Bitcoin Halvening in early 2024. By doing this, BTC has remained undervalued at the moment, allowing us all to accumulate BTC at lower prices prior to a potential mother-of-all pump. Thanks Gary.

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