Gabor Gurbacs: If the SEC approved the spot Bitcoin ETF earlier, there would be much less fraud

According to reports, Gabor Gurbacs, director of digital asset strategy at VanEck, an investment management company in New York, said on social media that if the US Securities and Exchange Commission approved the spot Bitcoin ETF earlier, it would create a precedent and incentive mechanism for registration, and there would be much less fraud. Usually, the best way is to let the free market develop itself. IMO Bitcoin will now exceed US $100000.

Interpretation of this information:

The message by Gabor Gurbacs, Director of Digital Asset Strategy at VanEck, highlights the potential impact of the US Securities and Exchange Commission’s decision on the Bitcoin ETF. According to Gurbacs, if the SEC approves the spot Bitcoin ETF earlier, it will create an incentive mechanism for registration and reduce fraud. This could lead to better transparency and more reliable transactions, thereby boosting investors’ confidence in the digital asset market.

Additionally, Gurbacs suggests that the best way to promote the growth of the industry is to allow the free market to operate naturally. This means that the industry should not be overly regulated, as this could hinder innovation and investment in the sector. Instead, the market should be allowed to develop on its own, with investors deciding which projects to support and which ones to ignore. Gurbacs believes that this approach will lead to the emergence of more successful projects and ultimately benefit the industry as a whole.

Finally, Gurbacs predicts that the approval of the Bitcoin ETF by the SEC would have a significant impact on the digital currency’s price. He suggests that Bitcoin could potentially exceed $100,000 in value as a result. This prediction is based on the belief that the approval of the Bitcoin ETF would lead to increased demand for the coin, as more investors would be willing to invest in it.

In summary, the three keywords associated with Gurbacs’ message are “incentive mechanism,” “free market,” and “Bitcoin price.” These concepts highlight the potential benefits of allowing the market to develop naturally, reducing fraud and promoting transparency, and boosting investor confidence. By doing so, digital asset markets could reach new heights and potentially exceed the expectations of even the most optimistic investors.