CRYPTO TALKS #3 : ETF(ECHANGE TRADED FUND) WILL HAVE A VERY POSITIVE AND GREAT IMPACT ON BITCOIN AND ON ALTCOINS
Hii Guys welcome all🙏🙏. So today in crypto talks series I'm gonna talking about ETF and their effects on crypto.
So before moving on I request you to read the full article so you don't get confused
Exchange trade fund or ETF are securities which allows the traders and entrepreneurs to buy bonds and stocks. They can be bought and sold during the days just like common stock
So, CBOE (CHICAGO BOARDS OPTION EXCHANGE) has filed a request to SEC (securities and exchange commission) in order to get approval of ETF in Bitcoin from SEC. I have to say that CBOE plays an important role in every pumps and dumps of Bitcoin
IF THE ETF IN CRYPTO WILL GET ACCEPTED THAN THIS CAN BE THE BIGGEST NEWS IN CRYPTO THIS YEAR AND IT WILL TAKE THE BTC TO A WHOLE NEW DIFFERENT LEVEL
So, if the ETF will get approved on 10th August 2018 then CBOE as per the rules have to buy bitcoin in bulks at a one time which will change the whole crypto market because they have to buy millions of bitcoin in a single click which is never happened before in bitcoin. And when CBOE BUY bitcoin in bulks then they have to store them in the cold storage.
When ETF of bitcoin would get approved then many institutional investors will invest in bitcoin at a single click without making any wallet
The realistic value of bitcoin after getting approval of ETF is $50,000.
Most of the altcoin would really harder than ever before and many of them would surpass their December high
If it's possible for me I'm gonna making another article on it in the coming days
I want @crypto.piotr to have a look at this post 😊
Have a great day and wonderful night 😊😊
@freecrypto, you are interested in reading, maybe you read me too
Fully agree with you here @freecrypto. ETF could have big implications and would be a ultimate stamp of approval from financial investors.
Yes I think this time the chances of ETF getting approved is 99%😊😊
Nice to read about this, I wish SEC approves the bill.
Yes this time the chances in 99%😊
Great piece of work @freecrypto
iagon has an interesting approach to help solve challenges which AI are currentlz facing.
From my understanding: They are aming to provide cloud storage and processing power? Which obviously would reduce operating costs of running any AI?
What about marketplace for AI businesses? Are they also planning to do that?
Cheers, Piotr
I think you dropped this in the wrong post.😏
An ETF would certainly be lucrative, at least at first. My thoughts are about underlying battles involving wealthy origination, banks, treasures, credit institutions. Does Bitcoin loss some of its potential power? For example, can regulators of an ETF force Bitcoin to make accommodation that compromise the coding of the blockchain?
Yeah well really I don't know much about ETF now also, I'm researching on it. Well I know that if bitcoin is approved by ETF then btc will be available in shares:), which is a very great news.
I don't think so that coding of the blockchain needs to do compromise because they need btc, btc don't need them :)
I am optimistic as well. I just always imagine what the other developers of the Bitcoin (Cash) blockchain might say. I believe the answer lies in the Lightning Network. But again, I believe my original question has more to do with long-term investment.