Jameson Lopp: Skeptical of Spot Ether ETFs, BTC Price Prediction Dilemma: X Hall of Flame

Jameson Lopp, co-founder of Casa, believes that no other cryptocurrency ETFs will be approved in the near future X Hall of Flame.

Jameson Lopp doubts spot Ether ETFs, Bitcoin price forecast uncertainty X prestigious award.

By Ciaran Lyons

Jameson Lopp, the co-founder of Bitcoin (BTC) security provider Casa, isn’t feeling as hopeful as the rest of the crypto industry about the United States Securities and Exchange Commission (SEC) giving the green light to a spot Ether (ETH) exchange-traded fund (ETF) later this year.

“I’m skeptical that we will see any other crypto ETFs get approved any time soon,” Lopp tells Magazine.

Lopp’s reasoning behind the bold opinion is the fact that SEC head Gary Gensler’s stance toward Ether over the past five years has been fairly standoffish.

“Just look at what Gary Gensler has said over the years. I think he’s been asked a number of times whether or not Ethereum is a security and he always refused to make any statements around that. The only reason that I can figure for that is that they’re hoping to somehow attack it as a security.”

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He believes that if the spot Ether ETF gets rejected, it will only drive even more cash into Bitcoin ETFs.

“I do expect that the Bitcoin ETF will probably be the only one, at least over the short to medium term, and that will result in a lot more of the funds flowing into the Bitcoin ETFs since there simply won’t be other options,” he explains.

Lopp has become known for his expertise in Bitcoin security, but he finds it constraining when he wants to discuss other topics.

He’s tried to broaden his content on numerous occasions but says it’s like throwing fuel at the fire.

“Eventually, you say something about a different topic, and you get backlash, and maybe you get canceled. The reason why I believe that this happens is because you break the mental model of some portion of your audience,” he says.

So, when he tries to mix it up or discuss a different crypto, it’s usually met with pushback.

“This happens to me at least several times per year. And usually, it’s because I will be talking about some other protocol or crypto asset, then there’s some subset of the populace that has adopted a set of beliefs,” he declares.

📚 What led to X fame?

Lopp claims he has been posting like clockwork through the good and bad times in crypto.

But he almost feels his efforts during the bear markets did nothing to boost his follower count.

“I probably could have gotten to where I am today if I only tweeted during the bull markets because that’s also when the vast majority of my followers came in,” he says.

He’s one of the fortunate ones who managed to snap up his last name, “Lopp” as his X handle without needing to tack on any messy numbers or underscores.

But he doesn’t recall one viral post that really contributed to his follower count being 459,300 followers today. He has just been putting in the hard yards for the last decade:

“There wasn’t one specific tweet that gave me a crazy new following, especially during the 2017 Market. I recall that there was a point of time around, a month or two around the peak of the market where I was gaining over a thousand followers a day.”

📚 What type of content do you do?

Lopp’s X account is like having a handy encyclopedia on your feed, keeping you in the “lopp” with Bitcoin updates and self-custody tips.

“I will regularly tweet out educational content, whether it’s deep dives that I’ve done, or whether it’s just sort of fun facts that I come across or pop into a fair amount of dunking on crypto critics just because I think it’s good to have a little entertainment value,” he explains.

Plus, he knows how to mix some humor into his social media posts.

His all-time most popular post wasn’t even about crypto, it was educational to a certain extent.

It was in August 2020 when he revealed a deceptive recycling and landfill bin that appeared separated but was actually just one bin.

📚 What type of content do you like?

Lopp is mainly into following crypto developers and those building stuff in the industry.

He’s not really into hunting for the next big 100x crypto gains like others are.

“Short version, I mostly follow builders. Because I didn’t get into this from an investment standpoint so much,” he says.

He is more into the foundational principles of Bitcoin, like giving power back to the people and standing up to the big investment banks.

“I got into it from a Libertarian power dynamic standpoint. The idea of disempowering institutions and authorities and so I think I will always be more interested in discussing,” Lopp asserts.

📚 Price Predictions?

Don’t bother asking Lopp to read your palms because he’ll tell you straight that he’s not great at predicting the future, especially when it comes to Bitcoin prices.

“No, I never do because I’m always wrong,” he laughs.

Even trying to sugarcoat a price prediction that might not pan out hasn’t really done the trick for Lopp. He recalls making a bullish prediction around five years ago that received backlash:

“I literally began my tweet saying wishful thinking, but if the cycle repeats, then Bitcoin is gonna hit $250,000 next year. Even that got taken out of context, and I was like, do you people do not know what wishful thinking means, it’s not a price prediction.”

In fact, he is so anti-price prediction that he takes note whenever a prominent crypto industry figure makes a bogus price prediction, so he can have a giggle at their expense later.

“I archive that prediction and then put a calendar reminder for a year or two or three in the future so that I can then laugh at them,” Lopp reveals.

🌟 Create a Q&A Content:

Q: Will the SEC approve a spot Ether ETF soon?

A: Jameson Lopp is skeptical about the SEC approving a spot Ether ETF anytime soon. He believes SEC head Gary Gensler’s previous stance towards Ether indicates their reluctance to approve such an ETF.

Q: If the spot Ether ETF gets rejected, where will the funds flow?

A: If the spot Ether ETF gets rejected, Lopp anticipates that more funds will flow into Bitcoin ETFs as there won’t be other options available.

Q: How does Jameson Lopp diversify his content?

A: Jameson Lopp tries to broaden his content by discussing other topics in the crypto space. However, he often receives pushback from a subset of his audience who have adopted certain beliefs.

Q: What type of content does Jameson Lopp share on his X handle?

A: Jameson Lopp regularly shares educational content, deep dives, fun facts, and even engages in some light-hearted dunking on crypto critics to provide entertainment value to his followers.

Q: What principles does Jameson Lopp value in Bitcoin?

A: Jameson Lopp values the foundational principles of Bitcoin, such as empowering individuals, disempowering institutions and authorities, and standing up against big investment banks.

Q: Does Jameson Lopp make price predictions for Bitcoin?

A: No, Jameson Lopp doesn’t make price predictions for Bitcoin because he considers himself to be always wrong in predicting the future. He believes that even wishful thinking shouldn’t be perceived as a price prediction.

📈 Future Outlook and Analysis

Based on Jameson Lopp’s skeptical views on the approval of a spot Ether ETF by the SEC, it seems that Bitcoin ETFs may continue to dominate the market in the short to medium term. The SEC’s hesitation to make clear statements about Ether’s security status indicates their potential inclination to attack it as a security. This may limit investment opportunities for those interested in diversified crypto ETFs and lead to more funds flowing into Bitcoin ETFs.

Additionally, Lopp’s focus on the foundational principles of Bitcoin and his preference for following crypto builders rather than chasing short-term gains suggest a long-term bullish outlook for Bitcoin. The fundamental value of Bitcoin as a decentralized currency and its potential to disempower institutions and authorities align with Lopp’s Libertarian perspective. This indicates a strong belief in the long-term viability and growth of Bitcoin.

In conclusion, while the approval of a spot Ether ETF remains uncertain, the dominance of Bitcoin ETFs and the long-term potential of Bitcoin as a decentralized digital currency provide exciting opportunities for investors and enthusiasts alike.

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