Two events that will make bitcoin rise in price by 300%

Two events that will make bitcoin rise in price by 300%

As expected, bitcoin (Bitcoin) still cheered up. The previously indicated resistance of $ 7,700, which remained impassable for months, fell. The activity of buyers was sufficient to ensure that quotes broke higher, reaching a new bar in $ 8000. So expensive bitcoin has not been since May. The main question that excites all without exception: what will happen next?

We have repeatedly analyzed the idea that the next rally of the entire bitcoin industry will begin with an influx of new money in the person of institutional investors. Is there any reason to believe that the interest of major players will manifest themselves? Yes.

Given that the most discussed topic of recent months is the potential launch of bitcoin-ETF, we believe that we are on the verge of a new wave of HYIP, capable of leading to a reasonably updated record. To date, the crypto-currency market remains closed to investment funds that do not have the ability to work with instruments that are in an unregulated space.

In other words, it is the lack of regulation that is the very barrier that keeps investors from being larger than ordinary speculators. However, times are changing, and today traders have a "guiding light", which can be guided. The closest important events that should occur are the expansion of the geography of custodial Coinbase services outside the US, and also the previously announced launch of new ETFs.

Researchers from IronWood consider the ETF's approval by the US Securities and Exchange Commission as a good basis for growth above $ 20,000.

The math is pretty simple. As soon as a similar contract appears on the market, more than 40 million investors from around the world will begin to invest in bitcoins, with a total capital of 500 billion dollars. If we take into account that the current capitalization of the founder of all cryptoindustry is slightly more than 300 billion dollars, the tripling of the rate is almost inevitable.

Also, BTC / USD may well repeat the success of its rival - gold. Recall, in 2003 the first ETF for gold was introduced in the markets, which led to a 300% increase in the exchange rate. The fact that bitcoin-ETF does appear is not empty talk. SolidX, whose fund was banned by the SEC last year, has partnered with VanEck to create a new investment fund. Recall, VanEck controls the turnover of 70 traditional ETFs with a total capitalization of 45 billion dollars. There is no doubt that they will be engaged in the development of a new direction.

As for custodian services, it is a question of the safe deposit of crypto-currency assets to institutional investors. Recall that the service itself Coinbase launched in partnership with a registered SEC broker Electronic Transaction Clearing (ETC), which is also a member of FINRA and is regularly audited.

Given the above, BTC / USD is clearly charged to maintain the upward momentum, while the target of $ 10,000 can be achieved in the coming days. The main thing is that the US SEC does not boycott the idea of creating new exchange instruments.

If you want to earn on trading with crypto currency, you will need the services of a broker. For example, you can contact the regulated broker AMarkets, which provides protection of accounts of traders up to $ 20 thousand, and also recently passed an audit of the largest consulting company Ernst & Young, which confirms the financial viability of the company.

Now, for the trade with the help of AMarkets, there are 15 major crypto currencies available, including bitcoin, ether (ETH / USD), lightcoin (LTC / USD), Ripple (XRP / USD) and Monero (XMR / USD).