<p>Jameson Lopp, the co-founder of Bitcoin (BTC) security provider Casa, isnt 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.</p>
<p>Im skeptical that we will see any other crypto ETFs get approved any time soon, Lopp tells Magazine.</p>
<p>Lopps reasoning behind the bold opinion is the fact that SEC head Gary Genslers stance toward Ether over the past five years has been fairly standoffish.</p>
<blockquote class="wp-block-quote">
 <p>Just look at what Gary Gensler has said over the years. I think hes 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 theyre hoping to somehow attack it as a security.</p>
</blockquote>
<p>He believes that if the spot Ether ETF gets rejected, it will only <a href="https://cointelegraph.com/news/new-nine-spot-bitcoin-etf-volumes-reach-new-high" target="_blank" rel="nofollow">drive even more cash into Bitcoin ETFs.</a></p>
<p>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 wont be other options, he explains.</p>
<section class="adv-banner adbutler-ad adbutler-ad__desktop">
 <div class="container">
  <a href="https://servedbyadbutler.com/go2/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwp-json%2Fwp%2Fv2%2Fposts%3F_embed%26per_page%3D100" target="_blank"><img src="https://servedbyadbutler.com/adserve/;ID=169476;size=728x90;setID=601214;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwp-json%2Fwp%2Fv2%2Fposts%3F_embed%26per_page%3D100;type=img"></a>
 </div>
</section>
<section class="adv-banner adbutler-ad adbutler-ad__mobile">
 <div class="container">
  <a href="https://servedbyadbutler.com/go2/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwp-json%2Fwp%2Fv2%2Fposts%3F_embed%26per_page%3D100" target="_blank"><img src="https://servedbyadbutler.com/adserve/;ID=169476;size=300x250;setID=601213;referrer=https%3A%2F%2Fcointelegraph.com%2Fmagazine%2Fwp-json%2Fwp%2Fv2%2Fposts%3F_embed%26per_page%3D100;type=img"></a>
 </div>
</section>
<p>Lopp has become known for his <a href="https://www.lopp.net/bitcoin-information.html" target="_blank" rel="nofollow">expertise</a> in Bitcoin security, but he finds it constraining when he wants to discuss other topics.&nbsp;</p>
<p>Hes tried to broaden his content on numerous occasions but says its like throwing fuel at the fire.</p>
<p>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.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Reminder that "Bitcoin Maximalist" is a pejorative coined by the creator of Ethereum and it was reappropriated by Bitcoiners much like how various racial slurs have been "taken back" by communities to denote a shared bond. Intra-group versus intergroup usage is quite different.</p>— Jameson Lopp (@lopp) <a href="https://twitter.com/lopp/status/1533750628387807232?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">June 6, 2022</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>So, when he tries to mix it up or discuss a different crypto, <a href="https://cointelegraph.com/magazine/nic-carter-bitcoin-maxis-losing-doge-x-hall-of-flame/" target="_blank" rel="nofollow">its usually met with pushback.</a></p>
<p>This happens to me at least several times per year. And usually, its because I will be talking about some other protocol or crypto asset, then theres some subset of the populace that has adopted a set of beliefs, he declares.</p>
<div class="article-suggest"> 
 <div class="article-suggest__title display3">
  Read also
 </div> 
 <div class="article-suggest__items"> 
  <div class="article-suggest__item"> <a href="https://cointelegraph.com/magazine/crypto-zero-knowledge-voting-finance/" class="article-suggest__subtitle display4"> <span>Features</span> <p>Beyond crypto: Zero-knowledge proofs show potential from voting to finance</p> </a> 
  </div> 
  <div class="article-suggest__item"> <a href="https://cointelegraph.com/magazine/blockchain-is-as-revolutionary-as-electricty-big-ideas-with-jason-potts/" class="article-suggest__subtitle display4"> <span>Features</span> <p>Blockchain is as revolutionary as electricity: Big Ideas with Jason Potts</p> </a> 
  </div>
 </div>
</div>
<p>One narrative that Lopp keeps consistent is his dislike for the SECs stance against crypto: I think you have to treat the SEC as an adversarial actor and expect that theyre going to do everything that they can to prevent any other ETFs from launching.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Casual reminder that a lot of the current bitcoin sell-off, as well as the crypto credit crisis and crash of 2022, can be blamed upon the SEC.<br><br>Why? Because they forced Grayscale to cease GBTC redemptions in 2014, thus enabling the "GBTC discount trade" that kicked this all off.</p>— Jameson Lopp (@lopp) <a href="https://twitter.com/lopp/status/1749520661020901403?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 22, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-what-led-to-x-fame">&nbsp;What led to X fame?</h2>
<p>Lopp claims he has been posting like clockwork through the <a href="https://cointelegraph.com/magazine/gaming-guilds-position-themselves-2024-bull-market/" target="_blank" rel="nofollow">good and bad times in crypto.&nbsp;</a></p>
<p>But he almost feels his efforts during the bear markets did nothing to boost his follower count.</p>
<p>I probably could have gotten to where I am today if I only tweeted during the bull markets because thats also when the vast majority of my followers came in, he says.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">It's a relief to see the bear market ending – all that building was getting exhausting!</p>— Jameson Lopp (@lopp) <a href="https://twitter.com/lopp/status/1731313057245102530?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">December 3, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Hes 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.</p>
<p>But he doesnt 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:</p>
<blockquote class="wp-block-quote">
 <p>There wasnt 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.</p>
</blockquote>
<h2 class="wp-block-heading" id="h-what-type-of-content-do-you-do">What type of content do you do?</h2>
<p>Lopps X account is like having a handy encyclopedia on your feed, keeping you in the lopp with Bitcoin updates and self-custody tips.&nbsp;</p>
<p>I will regularly tweet out educational content, whether its deep dives that Ive done, or whether its just sort of fun facts that I come across or pop into a fair amount of dunking on crypto critics just because I think its good to have a little entertainment value, he explains.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Gary Gensler is clearly a self custody maximalist </p>— Jameson Lopp (@lopp) <a href="https://twitter.com/lopp/status/1623850778916974592?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">February 10, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Plus, he knows how to mix some humor into his social media posts.</p>
<p>His all-time most popular post wasnt even about crypto, it was educational to a certain extent.</p>
<p>It was in August 2020 when he revealed a deceptive recycling and landfill bin that appeared separated but was actually just one bin.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">The illusion of choice in a two party system. <a href="https://t.co/9tFCcJttpo" target="_blank" rel="nofollow">pic.twitter.com/9tFCcJttpo</a></p>— Jameson Lopp (@lopp) <a href="https://twitter.com/lopp/status/1289938571692924928?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">August 2, 2020</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<h2 class="wp-block-heading" id="h-what-type-of-content-do-you-like">&nbsp;What type of content do you like?</h2>
<p>Lopp is mainly into following crypto developers and those building stuff in the industry.&nbsp;</p>
<p>Hes not really into hunting for the next big 100x crypto gains like others are.</p>
<div class="article-suggest"> 
 <div class="article-suggest__title display3">
  Read also
 </div> 
 <div class="article-suggest__items"> 
  <div class="article-suggest__item"> <a href="https://cointelegraph.com/magazine/elegant-and-ass-backward-jameson-lopps-first-impression-of-bitcoin/" class="article-suggest__subtitle display4"> <span>Features</span> <p>Elegant and ass-backward: Jameson Lopps first impression of Bitcoin</p> </a> 
  </div> 
  <div class="article-suggest__item"> <a href="https://cointelegraph.com/magazine/dao-challenge-business-model-become-new-corporate-paradigm/" class="article-suggest__subtitle display4"> <span>Features</span> <p>Year 1602 revisited: Are DAOs the new corporate paradigm?</p> </a> 
  </div>
 </div>
</div>
<p>Short version, I mostly follow builders. Because I didnt get into this from an investment standpoint so much, he says.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">Every central bank simp has a plan until they get Bitcoin Xittered in the face.</p>— Jameson Lopp (@lopp) <a href="https://twitter.com/lopp/status/1747008122508734930?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">January 15, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>He is more into the foundational principles of Bitcoin, like giving power back to the people and standing up to the big investment banks.</p>
<p>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.</p>
<h2 class="wp-block-heading" id="h-price-predictions">Price Predictions?</h2>
<p>Dont bother asking Lopp to read your palms because hell tell you straight that hes not great at predicting the future, especially when it comes to Bitcoin prices.</p>
<p>No, I never do because Im always wrong, he laughs.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="en" dir="ltr">I find it irresponsible to make bitcoin price predictions.<br><br>Why? Besides the fact that no one knows the future, high price predictions produce FOMO.<br><br>When folks acquire bitcoin because they expect to get rich quick, they're more likely to get rekt quick.<br><br>Education &gt; speculation.</p>— Jameson Lopp (@lopp) <a href="https://twitter.com/lopp/status/1729589552132583636?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 28, 2023</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Even trying to sugarcoat a price prediction that might not pan out hasnt really done the trick for Lopp. He recalls making a bullish prediction around five years ago that received backlash:</p>
<blockquote class="wp-block-quote">
 <p>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, its not a price prediction.</p>
</blockquote>
<p>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.</p>
<p>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.</p>
<div class="subscribe subscribe--inner">
 <div class="container">
  <div class="subscribe__inner">
   <div class="subscribe__content"> 
    <div class="subscribe__title display2">
     Subscribe
    </div> 
    <div class="subscribe__desc text-l">
     The most engaging reads in blockchain. Delivered once a week.
    </div> 
    <div class="wpcf7 no-js" id="wpcf7-f13672-o1" lang="en-US" dir="ltr">
     <div class="screen-reader-response">
      <p role="status" aria-live="polite" aria-atomic="true"></p> 
      <ul></ul>
     </div>
     <form action="/magazine/wp-json/wp/v2/posts?_embed&amp;per_page=100#wpcf7-f13672-o1" method="post" class="wpcf7-form init subscribe__form demo" aria-label="Contact form" novalidate data-status="init">
      <div style="display: none;">
       <input type="hidden" name="_wpcf7" value="13672">
       <input type="hidden" name="_wpcf7_version" value="5.7.7">
       <input type="hidden" name="_wpcf7_locale" value="en_US">
       <input type="hidden" name="_wpcf7_unit_tag" value="wpcf7-f13672-o1">
       <input type="hidden" name="_wpcf7_container_post" value="0">
       <input type="hidden" name="_wpcf7_posted_data_hash" value="">
      </div>
      <fieldset class="form-group">
       <p><input size="40" class="wpcf7-form-control wpcf7-text wpcf7-email wpcf7-validates-as-required wpcf7-validates-as-email" id="footer-subscribe" aria-required="true" aria-invalid="false" value="" type="email" name="your-email"><label for="footer-subscribe">Email address</label></p>
      </fieldset>
      <p><button class="subscribe__btn btn btn-white">SUBSCRIBE</button></p>
      <div class="wpcf7-response-output" aria-hidden="true"></div>
     </form>
    </div>
   </div>
   <div class="subscribe__img"> 
    <img src="https://cointelegraph.com/magazine/wp-content/uploads/2022/10/reading-copy.png" alt="Subscribe to Magazine by Cointelegraph Newsletter.">
   </div>
  </div>
 </div>
</div>

Jameson Lopp: Skeptical of spot Ether ETFs, BTC price prediction dilemma: X Hall of Flame

Table of Contents

Cointelegraph

Other articles published on Feb 27, 2024

Federal Reserve Bank of Atlanta urges caution while embracing crypto in banking

Bitcoin (BTC) Price Soared By 9%, Is $60K Target Possible Soon?

Binance Announced To List Four Altcoins Trading Pairs To Its Platform

Top Altcoins to Invest for 4x, 25x, 50x and 100x Profits this Bull Run

Pepe Price Prediction: PEPE Skyrockets 46% To Become 3rd Biggest Meme Coin Ahead Of BONK, But Mig...

Solana: Should you wait for prices to drop below $100 to enter?

Join our free newsletter for daily crypto updates!