The Bitcoin ETF
On the 10th of August there the SEC will make again decide if they allow a Bitcoin ETF.
This time it is the Chicago Board Options Exchange which also (CBOE) which also introduced the Bitcoin futures.
Last year the Winklevoss Twins wanted a Bitcoin ETF but it got denied by the SEC. The price plummeted quite a bit, despite many people were expecting a NO.
This time the chances seem to better though. The CBOE ETF would be insured, so if the wallet would get hacked/keys get lost or whatever the investors would be save.
This was one big point of the denial of the Winkelvoss Twins ETF.
The anticipating of the Bitcoin futures pushed the price up immens as many of us remember the bullrun we experienced last year.
Many say we need something meaningful to happen to trigger the next bullrun. A Bitcoin ETF would definitely be huge step.
It would be the usual playground for many investors
ETF will stamp out the public perception of crypto is a "scam"
An ETF would actually need to hold the Bitcoin as in opposite to the Futures, which could lead to a runup in price, many of us are waiting for.
Exciting times to say at least....if Bitcoin should fail we see John MacAfee eat his own dick on live TV at least.
Maybe they'll pass this now but I think they still want to shake out more hands and continue setting themselves up and buying on the cheap before letting the rubber band go. Make no mistake though IMO they are setting themselves up for success within the crypto world.
Quite possible.
I could imagine a small run till a couple of days till a couple of days before the decision as well and then a sell off.
Also they can postpone the meeting for 45 more days
Yep. no doubt as we see a slight increase at this point but in the short to medium run I think you're right in saying that there will be a sell off shaking out more hands. I do believe in the long term that the ones who hang on and can see the bigger picture will be handsomely rewarded. I myself accumulate over time with $ I don't need so to me it's just like I don't have any. Thanks for the reply!
Thank you for your continued support of SteemSilverGold
This time if this gets happen then its great otherwise more blood on the crypto streets
Quite possible. Could be a small run and then a sell off a couple of days before the decision
If it happens I see a major burst in all cryptos. That would be very good to steem.
I think so, too
August 10th, let’s see what happens 💪🏼🙌🏼💯
I think they will postpone it but we will see
ETF is new happening in cryptoworld....
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