• The EGAML State Machine: Why Bitcoin Must Be Classified A/B/C Before Trading

    • January 3, 2026
    • Posted by: DrGlenBrown2
    • Category: Market Structure & Risk Doctrine
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    The EGAML State Machine: Why Bitcoin Must Be Classified A/B/C Before Trading (EGAML Post 3)

    A doctrine-grade explanation of the EGAML State Machine—why Bitcoin must be classified into State A, B, or C before any trading decision in the ETF era.

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