Take a quick look at the article written before the Bitcoin ETF was approved. Although everyone hates the SEC Chairman, in my eyes, Gensler has always been protecting the development of cryptocurrencies, including this 180% U-turn in his attitude towards Ethereum.

A long time ago

Whether the Bitcoin ETF can be applied for and approved, the US SEC Chairman Gensler plays a very important role. Is Gensler against cryptocurrencies or is he protecting cryptocurrencies from transitioning to a safe state? Let's pull the timeline back to the 2008 US financial crisis. Obama, then the US President, established a special department to mainly study the causes and solutions to the economic collapse. The person in charge is the current SEC Chairman Gensler. In the same year, the Bitcoin white paper came out. The Bitcoin white paper was released on November 1, 2008, and Bitcoin was officially born in January 2009. Satoshi Nakamoto and Gensler seem to have no connection, but the time trajectory is on the same track. In 2018, Gensler went to MIT to teach as if he had a mission, taught at world-renowned universities and created MIT's blockchain course. Subsequently, many universities followed MIT to popularize knowledge related to Bitcoin and blockchain. In 2019, the global economy encountered a cold winter due to the COVID-19 pandemic. No one believed that the economy could recover. Bitcoin, with its strong and unique financial vitality, washed the financial market and continued to climb to new heights and broke through the historical limit to reach nearly $70,000 per coin. The unprecedented bull market made the problems of cryptocurrency infinitely magnified. Coincidentally, Gensler appeared again at this time. His identity changed from professor to the current SEC chairman. Gensler's life seemed to have nothing to do with cryptocurrency at every step, but every step seemed to be the most powerful defender of cryptocurrency. Why more and more governments accept cryptocurrency? Perhaps everyone has seen that in the economic winter, there is a 24-hour non-stop financial machine that creates wealth and circulates currency. It is Bitcoin. Just as Satoshi Nakamoto imagined, when the world faced an economic winter, Bitcoin became a light that could not be covered by darkness. No one knows who Satoshi Nakamoto is, but Gensler's life trajectory and mission are by no means simple. #BTC突破7万大关 #ETH🔥🔥🔥🔥🔥🔥 $BTC $ETH $BNB