Brian Kelly, a popular cryptoanalyst, and entrepreneur claimed that this year there is no chance for a Bitcoin exchange-traded fund approval while he was talking for an interview at the Crypto Finance Conference in Switzerland and will are going to find out more in our digital currency news below.
Kelly believes that 2019 will be better than 2018 since we are ‘’somewhat close to the end of the bear market.’’ However, he thinks that we should expect another lower dip and about his expectations for 2019 he continued saying:
“Probably in 2019 the focus will be on currencies — Bitcoin, Litecoin, some of those — because we have quite a bit of geopolitical tension in the world. We are starting to see some global macro players use Bitcoin as alternative to their gold position, or as a way to hedge against fiat currency fluctuations and volatility.”
2019 should be a better year in terms of asset acceptance among investors, according to Kelly but when he was asked about a BTC ETF he said there’s ‘’no shot’’ for that.
Approving a BTC ETF by the Securities and Exchange Commission in the US is highly anticipated event and is a huge green light for all of the major institutional investors that want to enter the crypto market.
The SEC has received many Bitcoin ETF applications such as the one from the Winklevoss twins but still hasn’t approved any of them. Kelly says that the agency won’t change its opinion in the near future and also that it will take longer than a year to fix the unresolved issues.
Last year, He predicted that the approval of a Bitcoin ETF will not happen earlier than February in 2019 because the bitcoin futures market is simply not mature enough.
Bitcoin Goes Over $3,750 As Total Market Cap Rises To $126 Billion
Japanese e-Commerce Giant Rakuten With A New App That Will Probably Support Crypto Payments
Top Cryptos Are Reporting Minor Losses, Bitcoin Getting Close To $3,630
Top Cryptocurrencies See Green, Ending Week With A Positive Action
Join us on Facebook
- Ethereum Price Increases By 13% Overnight, Is The Market In For Recovery?
- CFTC Commissioner Believes In Creating A Self-Regulatory Crypto Structure
- Guangdong Province In China To Use Blockchain-Based Tax Payment Platform
- Mining Giant Bitmain Launches New Generation ASIC Mining Chip
- Bitcoin Goes Over $3,750 As Total Market Cap Rises To $126 Billion
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Altcoin News4 days ago
JPMorgan Chase Will Launch Its Own Cryptocurrency ‘’JPM Coin’’
Altcoin News3 days ago
Bloomberg Editor: JPMorgan’s Cryptocurrency Will ‘Obliterate’ Ripple
Bitcoin News1 day ago
Bitcoin Is Closer To A First Positive Month Since July 2018
Regulation3 days ago
New Blockchain Framework Bill Passed Into Law In Luxembourg
Altcoin News2 days ago
Norwegian Anarcho-Capitalist City Adopts Crypto As Official Medium Of Exchange
Altcoin News1 day ago
ETH-Based Maker (MKR) Outperforms In February With 37% Gains
Altcoin News4 days ago
New XRP Ledger Version 1.2.0 Introduced By Ripple
Bitcoin News3 days ago
Is It About Time Millennials Invest All-In On Bitcoin: Investor Talk