Bitcoin To $65000 In 2018 - Bitcoin ETF Explained !
Hello Friends ,
As you all know i made video about Bitcoin ETF on my channel now here is blog in english so all can understand what is ETF and how it can impact crypto market . After reading this blog i would like to know your opinion on what you think can ETF Approval push bitcoin to $65000 in 2018 or not ?
So friends let's begin to understand
"What Is ETF ? "
So ETF means exchange traded fund where investment funds are traded on stock exchanges in different index .
So Why its so significant in crypto ?
Our crypto market has about 240 Billion market cap and price of bitcoin is $6500 at this market cap and we all know our market went to 800 Billion market cap in 2017 end and that time bitcoin went to $19500 So its very simply calculation if we want to see our bitcoin at $65000 then total market cap must be about 3 trillion which can only happen if Bitcoin ETF get approved by SEC as it will result in flood of money into crypto when traders will be able to trade with single click from there brokerage account to buy sell bitcoin .
Why Bitcoin ETF Is Not Approved Yet ?
Till date whenever Bitcoin ETF filler was filled to get SEC approval they had 2 main concerns to approve ETF which were :
1 - Lack of global regulatory rules which surrounds crypto and crypto exchanges and we all know Japan and south korea are two major countries which deal max in crypto and they had no regulations earlier but now both have regulation done for there exchanges and have regulation for crypto accepted . So one of the major hurdle is already cleared by now .
2- SEC has shown concern for investors money in case of hacks , private keys lost so what will happen if any of miss happening happened for investors fund ? So for that CBOE has stated that it has secured insurance for the investors and that means the second hurdle which was for ETF approval has also been removed this time around .
So now this filler from CBOE group has it all in it to get approval from SEC as its gives them assurance on things that they asked for and filler from CBOE in itself is big thing as it is one of the biggest and reputable exchange .
So what are your thoughts about CBOE ETF approval this time around ?
Do you think we will see it getting approved this time around ?
Do you think we will see bitcoin to reach $65000 in 2018 ?
What's Your opinion about it ? Pls comment below what are your thought about it ?
And here is the video for the same blog as well :
Will wait to get your opinion ?
Thanks
@Moneyguruu
bitcoin etf will happen soon
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@bitcoincompany this is what is needed for bitcoin next big pump ..
@moneyguruu Finally Market Goes to green and the initial stage of bull Run started! Hope BTC will cross 10k before this month end!
Why do you think it didnt reach the 10K as you predicted three months ago? Honest questions Im not trying to be a dick or anything. Im just new to this.
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bitcoin will fall to the level of $ 3000 in the near future
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Hi this is just check
We will see how reliable your prediction is .
Lets see time will tell us
@tumutanzi over here i have not predicted friend i have explained about etf approval if that happenes then market can see new heights if you talk about my prediction its already $25000 in 2018 since i predicted in 2017 .
https://steemit.com/introduceyourself/@ashish4srk/a-new-beginning-post-1.
Hii sir. I m from mgsc group and big follower of u .please upvote me if possible because this is my first post.
I think that SEC will approve BTC ETF this time and I have all the faith around it because it is the third time they filed it, third times is a charm.
@cryptopie and when its applied by CBOE group most trusted exchange we can expect it to approve 95% .
Would you update us when the application been approved? Since it is expected to be approved soon...Thanks @moneyguruu for such an encouragement.
@joshvel on 10 th august there is every chance of it to get approved !
Hi @moneyguruu, everybody hope so because we are tired of this bear market, lets see...:))
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@intellihandling yes my friend as most of the people are tired of the HODL by now and such positive news can simply lift the spirit up for holders and can get lot of new investors in which will be great for our market .
My opinion is , yes , I would like for that to happen...
on account of me generally being in favor of me getting more money...
it is arcane.. I know..
even we hope for the same . @itstime
My mom used to say believe in what you invest and you will reap the rewards....
I am sure you and everybody else will get their rewards soon...
Have a great day...
I will say your mom has good experience then@blog-fictions
Thanks..I am suprised you replied to my haha...
I thought it would go un noticed..thanks a lot...
Do go through my post as I am only 1 week old here and provide me of any valuable suggestions...
Have a great day :)
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I don't think this blog is related to ethereum cotract
You expect bitcoin to go hyperbolic 10x within the next 5 months? I don't care what the news are, there's no way this can ever happen.
No my friend i don't feel it will go to $65000 but yes it can for sure cross its ATH this year if this ETF is approved and i have just asked in article share your views can bitcoin be at $65000 if ETF is approved :) @drakos
Yeah, certainly. The ETF could get the boat rocking quite nicely.
You'll see in my blog that I agree, but lets hope the US are equipped for it as it seems the East are further established.
Yes only time can tell if its approved or not i for sure expect it to be approved !
Last year in May it was 2000 USD, in December it was 20 000 USD.
So that is 10x in 7 months. So it is not impossibe.
I don't think we're going to have a bubble every year.
Not very year but i believe once bitcoin reached $30000-40000 we will never see it below $10000 @drakos
$10000 would be a reasonable consolidation floor.
I hope that analysis and projection will be realize soon! Everybody will be in party if that h
Happen, lol.
May of us or should i say ALL of us is hoping for the btc to rise again same as before way back in the end of 2017.
@elizahfhaye only time can tell if this happen or not but for sure if it is even half of it by this year end it will be super relaxing for all investors in crypto !
REally???
what make bitcoin to deep in price .
Offocrse these futures contracts !
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If it should get approved - any speculation how this would affect ETH?
If bitcoin rise all crypto rise with it too so you can expect same with ethereum price as well.