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Cryptocurrencies have once again entered the media limelight, this time for positive reasons. Bitcoin prices have steadily made gains after just previously appearing to fall into a categorically disastrous zone. Still, this current rally is conspicuously distinct: bitcoin prices are rising, while most other cryptocurrencies feature disappointing performances.

What gives? In case you haven’t followed the news recently, the concept of a viable bitcoin ETF received new life after the SEC disclosed its decision-making processing in whether or not to approve the SolidX blockchain-platform proposal. SolidX is the brainchild of VanEck, and the bitcoin ETF proposal was filed through the Chicago Board of Exchange (CBOE).

This is an interesting situation because VanEck had worked on a bitcoin ETF solution two times previously. In these and all other proposals, the SEC was quick to dish out denials. But this third go-around for VanEck appears to have much more credibility due to the tacit approval of the CBOE.

Moreover, bitcoin and cryptocurrencies have received strong international regulatory approvals. A new method to partake in this opportunity seems an inevitability.

Therefore, I don’t think the right question about the bitcoin ETF is “if.” One way or another, an easily accessible and trustworthy crypto platform will avail itself and meet the SEC’s approval. Nor do I think “how much” is a worthwhile inquiry. Of course a bitcoin ETF will skyrocket its price, as these funds have actual bitcoin in institutional custody.

The real question is “who.” On paper, it’s VanEck and the CBOE, but that doesn’t tell us much. I want to know who’s really pulling the strings and directing these players.

Almost two decades ago, Rothschild-funded bankers discovered that investors had an appetite for a particular asset class. However, the process of obtaining this asset was confusing and cumbersome. Most investors wanted an easily tradeable asset that didn’t require onerous security protocols.

Thus, bankers set about to create an ETF, but quickly met regulatory hurdles. The SEC was profoundly ignorant of this asset class, not even knowing how this market traded.

After four years of negotiations regarding topics including ownership rights and security protocols, the gold ETF SPDR Gold Shares was finally approved.

From that point on, gold bullion has never been the same. Even today, when precious metals are severely deflated and disappointing, the gold ETF is a much-discussed and often played contrarian investment. It’s only natural that the same sentiment boost will impact bitcoin prices.

But let’s not forget that the gold ETF allowed unbridled control to the Rothschild family and to the bankers in their pockets. We see the consequences of that hegemony through price manipulation and other, shall we say “questionable” acts.

Make no mistake: the bitcoin ETF would represent a major step towards the normalization of cryptocurrencies, as well as a decisive affirmation of the burgeoning blockchain economy.

But we also might be ceding control over bitcoin’s future without really appreciating the long-term consequences of that decision. Criticism will be silenced organically as crypto investors reap untold profits. But for future generations, the benefits are ambiguous.

It’s alarming how accurate the adage that history always repeats itself truly is. We’re one generation beyond the creation of the gold ETF, and we apparently haven’t learned a damn thing.

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