When the price of Bitcoin will make a new leap? Expert opinion
Source:
Analyst and guest of the show on CNBC Ren Neuner argues that Bitcoin price «about to explode». In his opinion, the price rally will come immediately after the issuance of the official verdict on the cryptocurrency . Recall now the issue considered by the Commission on securities and exchange Commission.
theWhen you start to grow Bitcoin
Neiner is another prerequisite for the growth of cryptocurrency.
I just bought bitcoins with their parents.
Why ETFs can be a major catalyst for the growth of the coin? Last year, it has increased from 6600 to $ 20,000 just for the anticipation futures trading on the CBOE and CME. Almost immediately after market open the price of the asset has reached its highest historical level.
However, immediately after that, the Bitcoin is rapidly slid down and began a bearish trend. Some analysts have him start with futures. There is a perception that they have become the main tool of the manipulators.
Neuner drew Parallels between ETFs and futures, noting that the exchange cryptophony really are «a much larger event». If they appear on a regulated exchange in the US, Bitcoin will become more interesting to the sharks on wall street.
While the SEC has deferred consideration of certain ETF until 5 November. A substantial portion of filings from several aplicants already rejected. At the moment we can only wait for the possible effect on the stock market.
image Source — Block4ain
Recall that in late July the financial regulator rejected an application for the creation of the ETF of the Winklevoss brothers. Almost immediately after the verdict, a member of the Commission Hester Peirce, on the possible revision of the organization's decisions.
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