Bitcoin about to go mainstream?

in #bitcoin8 years ago (edited)

ETF's: Bitcoin exchange-traded funds. This could change everything. And it's coming soon.

As much as most readers on Steemit would be comfortable with buying and selling cryptocurrency, there is a whole world out there that will go nowhere near the stuff in its present form. It's just too "techie" for many people.

These same people, however, invest billions of dollars in the safer, more traditional stock exchange, often through the help of their investment advisors. Institutional investors pour large sums of money into all kinds of stocks, derivatives, futures, and so forth. ETF's are a multi-billion dollar market that is currently untapped by Bitcoin.

And ETF's could be just around the corner. With CFTC approval (U.S. Commodity Futures Trading Commission), this could happen sooner than you think. And it could bring some serious money into the value of Bitcoin.

If you are still on the fence about dipping your toes into the waters of Bitcoin investment, now is a very good time to start. You may never again see Bitcoin under $10K USD once ETF's are available. Rumors are swirling that ETF's might even be approved before the end of 2017, but more likely in 2018. Don't wait too long to give Bitcoin a shot.

If you enjoyed this article, donations would be greatly appreciated! Thanks!

BTC address:
1FadQUp6PxQcbt1sicLRDE3f7v2kQPpVBq

*This is not professional trading advice. Only risk what you can afford to lose!

image source: s.thestreet.com/files/tsc/v2008/photos/graphics/022312_etfs_front_lead.jpg

Sort:  

Congratulations @xsid! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

Award for the number of posts published

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!

Coin Marketplace

STEEM 0.05
TRX 0.29
JST 0.043
BTC 67409.94
ETH 1942.32
USDT 1.00
SBD 0.38