Bankless ROLLUP: What Grayscale's Win vs The SEC Means For The Next Bull Market
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Aug 31, 2023 The hosts dive into Grayscale's recent court victory against the SEC, sparking optimism for Bitcoin ETF approvals and market dynamics. They discuss the rising influence of Layer 2 solutions and the implications of evolving regulations in the crypto space. Key topics include the potential impact of the upcoming Bitcoin halving and the shift in trader sentiment towards long-term investment strategies. Additionally, they explore the importance of decentralization in Ethereum staking and the launch of new multi-signature wallets to enhance security.
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Grayscale Win Reinforces ETF Inevitability
- Grayscale's Bitcoin ETF approval seems inevitable within 6-12 months.
- This win reinforces this belief for both insiders and the wider audience.
Trader-Driven Pump Requires New Money for Sustained Growth
- The recent Bitcoin price pump is likely driven by trader activity anticipating the Grayscale decision.
- Sustained upward movement requires new money, not just short-term trader profit-taking.
L2 Scaling and TPS Measurement
- Ethereum L1 is at capacity, but L2s show increasing TPS.
- L2B normalizes TPS data for accurate comparison across different L2 networks.