Hello, I’m Gökhan Timurhan. After my journalistic career, I managed media and press processes in the defense industry at Turkish Aerospace Industries for about 6 years. Later I worked as a PR manager at Binance Turkey and subsequently worked as VP Communications at the American fintech company ZBD. During this year I founded the PR and communications agency PRESULT and became its founder. I’m still co-founder of this agency; companies in the technology, defense industry, crypto, web3 and blockchain I provide communication advice on issues. Today for web tekno I wrote down my thoughts on Bitcoin’s ETF approval process. Enjoyable reading.

In SEC Post X on October 16, 2023 “Be careful what you read on the internet. The most important source that can provide information about the SEC is the SEC.” While everyone was waiting for the SEC to announce the ETF approval processes after the statement, SEC Chairman Gary Gensler’s announcement that the SEC had hacked into the effect in the crypto community. .

First, let’s briefly summarize what Bitcoin ETF is:
Bitcoin (BTC) is the leading cryptocurrency in terms of trading volume, and Exchange Traded Funds (ETFs) integrated into it can be traded on traditional exchanges. These ETFs can be used for buying, selling and trading, unlike cryptocurrency exchanges.

I had the opportunity to observe the activity and excitement of the crypto community before and after this announcement, especially as soon as it appeared on X.

Of course, it is not difficult to understand the excitement surrounding the crypto community and ecosystem in recent weeks and the possible approval of the Bitcoin Exchange-Traded Fund (ETF), but as a person who continues to work with crypto communities and technologies I don’t think this is very important.

Rumor has it that ETF processes will be approved this week. ETF approval is undoubtedly a notable milestone, but the crypto community is excited about this event. I believe that too much importance should not be attached to it.

On the contrary, I find it helpful to focus on adoption, which is actually the hardest part.

So basically Bitcoin and other crypto assets legitimacy It has already received widespread support from millions of users and investors around the world. I think this is more important than anything.

For this reason, I do not think it is right to consider the approval of only one regulator or one financial institution as a very important event. Blockchain technology decentralized structure, played a key role in its transformation into a globally recognized technology.

Trust and belief in cryptocurrencies have been developed by many communities that recognize the transformative potential of digital assets. Our country is among the countries leading this adjustment.

In summary, I would like the crypto community to put a stop to the current excitement over ETF approval, divert their attention and focus on what cryptocurrencies have already built through their large and diverse user base. broader framework of legitimacy I think it’s more important to see.

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