Summary of some important BTC news this week

Here is some important information about BTC this week:

- Today the SEC took a hit on its ideology that all altcoins are “unregistered securities.”

- The Fed is coming off their most aggressive tightening campaign ever and will likely need to cut rates next year.

- The United States is considering launching a spot bitcoin exchange-traded fund (ETF), which could bring hundreds of billions or even trillions of dollars to bitcoin as an asset class.

- Many investors are still on the sidelines because of the trauma of the bear market.

- Forced sellers (e.g. FTX, Celsius, Luna, 3AC, etc.) have exited the market, most have surrendered, and have no more coins to sell.

- Retail investors have not yet entered the market (see Google Trends for an example).

- There are about 300 days left until the Bitcoin halving.

- The world's largest asset managers are bullish on Bitcoin, with BlackRock alone managing $9 trillion in assets.