THE ETF DRAMA - Thoughts outside the Frenzy -

As expected, the SEC rejected all demands for the ETF's approval and here we are again with hundreds of articles and statements. Somewhere it becomes the main subject to analyze and somehow it could be qualified as the best joke. While the SEC rejects the applications for ETF approval and postpones its decision, the price of Bitcoin is waving as usual but now we have the reason of the volatility which is... what else, the final decision of the sacred SEC! The crypto surrealism is here! The fact that SEC is the essence of centralization doesn't matter anymore, what matters now is its approval! The fact that the Bitcoin is being threatened as a decentralized mode of payment goes unnoticed. Everyone's mind is stuck in the alleged bitcoin's price increase once the SEC approves its participation in the ETF. The fact that this way the Bitcoin could be owned and controlled totally by the banks seems to not bother anyone. The fact that the Bitcoin becomes more and more the object of the KYC process and consequently loses its autonomy and its supposed privacy on the transactions is never mentioned by any expert or "investor". As well, nobody makes a study about any benefit that could arise from an eventual approval of ETF. Is there any real benefit for the retail investor, the small investor, the poor people who think that using the cryptos could free them from the slavery imposed by the eternal absurdity of the global economic system? Where are the inspired and enlightened economists that could give us some accurate answers to these hot questions? We don't hear anything from them, economists, we don't see them, there is no other opinion nor statement but expectations and predictions without any rational analysis. If the average expectation of the average Bitcoin user is to see the price rising up to the moon and that's all, then no need to use the Bitcoin, just buy some gold instead. Or try to get into some convenient bourse, or buy and sell fiat money... It could be more profitable for you than to involve into bitcoin's affairs. For the simple reason that there is no way to predict anything in the Bitcoin's world except the fact that if the banks are involved then there is no more Bitcoin but just one more Bank product, just one more tool for stabilizing the fiat currencies and eventually prevent the imminent global monetary crisis and final collapse of the global banking system. Which means that the more you "pray" for any acceptance of the ETF the more you risk to losing your real bitcoin and the little control you have on it until now. And notice that if Bitcoin's price goes to the moon then fees will go to the moon also and for sure more controls on buying and selling bitcoin will be applied by the authorities... You should think also that the Bitcoin is just an application of the great blockchain technology and this is the most important to keep in mind. The Banking system and the financial institutions maybe someday swallow the Bitcoin but they cannot eradicate the blockchain technology which will always give you the opportunity to create new currencies, new rules for the commerce and will always allow you to use it for having the control of your assets and financial activity. Well, these were my thoughts about the ETF frenzy. These thoughts are not an advice nor an analysis. they are thoughts for generating questions that need answers... Maybe I am wrong, time and facts will tell me. Surely not the rumors and irrational articles or pseudo-analysis that are obviously very far from any economic reality and concept.