Hi
friends.
today i want to show that what says the Bitcoin experts from all arround the world after ETF has been approved.
According to Hayes(the Co-Founder and CEO of BitMEX), the cryptocurrency is just one positive regulatory decision away from climbing through $20,000 on its way to $50,000 by the end of the year after approval of ETF(Exchange Trade Fund).
3 REASONS WHY THE BITCOIN ETF COULD HAPPEN NEXT MONTH,
Earlier this week, Bitcoinist reported that the Chicago Board Options Exchange (CBOE) has filed for a proposed rule change to list and trade shares of Van Eyck Investment and SolidX‘s Bitcoin ETF, dubbed “Bitcoin Trust.”
- BITCOIN HAS EXPLODED IN PRICE:-
Most people in the Bitcoin space didn’t have high hopes for approval when the Winklevoss Twin’s COIN Bitcoin ETF was rejected in March 2017. What followed was a drop in price that spiked up to an all-time high $1,350 back to under $1,000 — a monster move, at the time.
Today, the price $6256.1 is six times greater and was almost twenty times greater at its peak in December 2017. Meanwhile, the market cap of Bitcoin is still over $100 billion — certainly no small chunk of change that the regulators can’t ignore for long.
- CUSTODIAL SERVICES.
Traditional investors have mostly refrained from cryptocurrencies largely because they are investors — not Trezor-clutching ‘hodlers.’
Luckily, custodial services are now becoming a thing for institutional investors, with Coinbase and the Swiss Stock Exchange being just some recent big names who will now offer custodial services for their clients.
- REGULATORY CLARITY:-
One major reason for last year’s rejection was that Bitcoin markets were “unregulated.”
But later that year, Bitcoin Futures began trading as big investment banks such as Goldman Sachs and JP Morgan started dipping their toes in cryptocurrencies.
Last month, the SEC itself provided further clarity when it announced that Bitcoin, Ether, and other decentralized cryptocurrencies will not be classified as securities. Meanwhile, the IRS has even launched an international effort to catch tax evaders who use cryptocurrency.
What BITCOIN experts says:-
Travis Williams:-
I suggest action be taken to start approving ETFs versus inaction which appears to be more damaging to investors.
Ryan Donohue-
We strongly urge that this ETF get approved to signal more businesses to get involved with more regulation and prove this market safe for everyone looking to get involved.
What is Exchange-Traded Fund (ETF):-
An ETF, or exchange-traded fund, is a marketable security that tracks an index, a commodity, bonds, or a basket of assets like an index fund. Unlike mutual funds, an ETF trades like a common stock on a stock exchange. ETFs experience price changes throughout the day as they are bought and sold. ETFs typically have higher daily liquidity and lower fees than mutual fund shares, making them an attractive alternative for individual investors.
Source:- different online news search, and google search.
so friends what do you think about bitcoin price, where it goes,
pl share your views.
