Published
5 years ago on
October 09, 2018
“Last year,around this time,BTC went from $6691 (Nov 11) to $20000 (Dec 17) in 5 weeks.This on the back of the expectation and launch of a cash settlement BTC futures contract. An ETF is a way bigger deal & requires an actual purchase of BTC.2 looming SEC decision deadlines ahead.”The ETF hype-fueled the market in the past and as the decision loom another ‘bubble’ could start to rise. According to Forbes’ interactive Bitcoin price estimator, the price of the virtual asset should be climbing in the coming months and it could even be doubled by the middle of next year. Some think that the crypto community shouldn’t get their hopes. An employee at the law firm Kobre & Kim - which is renowned around the world - Jake Chervinsky, is well aware of this kind of situation and he also tweeted regarding the matter by saying:
“The deadline is for the public to submit statements of support or opposition, *not* for the SEC to finish its review (& the deadline is Nov. 5, not Oct. 26). The SEC will then review the statements & write an order. Could be a while.”What are your thoughts? Could a Bitcoin surge happen anytime soon? Let us know down in the comments below!References:ZyCrypto Investment Disclaimer