When the new SEC chairperson is a blockchain MIT professor, you couldn't have a bigger vote of confidence for Bitcoin and cryptocurrencies.

Prof. Gary Gensler has termed money as nothing more than a "social economic consensus," "negotiable ledgers" with immutable characteristics. With his background as a former partner at Golman Sachs, Gensler is no lightweight when it comes to economics and money, history and technology, and government and politics.

Achieving democracy in finance and transitioning to digital currency models is at the root of what Gensler brings to the table. That means, there is no way on God's green earth that Bitcoin is going anywhere. With Gensler at the helm the adoption of cryptos has only just the first drip of the damn.

The Senate confirmed Gensler April 14, 2021, and he was sworn into office on April 17, 2021.