Published
5 years ago on
November 07, 2018
“The approval of a Bitcoin ETF will open the floodgates for new investors to pour billions of dollars into cryptocurrencies with the same ease in which they invest in stocks and all other mainstream asset classes.”As said by blokt, if the SEC allows the Bitcoin ETF to go through then it could launch the biggest cryptocurrency by market cap to new heights. Isaacs said that the situation is now similar to what happened to the price of gold back in 2003. Isaacs said:
“The precious metal increased more than 300% in its price in the aftermath of the first ETF approval back in March 2003.”The SEC’s approval of a Bitcoin ETF could have a similar effect on the market. The blockchain investor predicts that if it happens, the leading digital currency could end up climbing to heights of over $22,000.What are your thoughts? Let us know down below! Investment Disclaimer