Bitcoin goes from and past $ 7,500 in a crazy week!

 We  see these days as the Bitcoin is a major price rally, especially  prompted by the announcement of the CME Group, which has led to spend  the $ 7,500 and the thing does not look like stopping.

 This week the Bitcoin has passed the $ 7,000 and today is already well above the $ 7,500, moving directly to the $ 7,600. We  must point out that the current forecast was for the Bitcoin to reach $  6,000 at the end of the year, something that has been expanded,  according to some to $ 10,000 will be possible between this last quarter  of the year and the first quarter of next year. Logically, users and investors are delighted by this rising value rise, but what is behind this impressive rally?

Of  course, the main reason for this rally is the recent announcement by  the largest futures company, such as the Chicago Mercantile Exchange, to  offer Bitcoin futures. Futures,  for those who do not know what they are, are an essential part of trade  and investment in Wall Street, but, normally, it is reserved for assets  that are more linear in time or, what is the same, that have a lower  volatility. This bet somehow, legitimate to the BTC and that has caused interest to increase within Wall Street.

The  division on Wall Street is very important and there are different  currents of thought around the BTC, but it is clear that the decisions  of this financial market influences the value of this cryptocurrency, as  well as the decisions of states, as we have seen with China. . The  bifurcation of August 1 was a blow to the cryptocurrency, something  that lasted rather little and what was expected to be a kind of civil  war within the cryptocurrency market, it was left in a skirmish that  lasted a few hours, until the BTC He reigned again without major problems.

The  jump from the BTC to the conventional market is still far from being  common, since everything concerning the blockchain and the  cryptocurrencies is, although it does not seem so, starting now and many  are still reticent to progress, especially the traditional banking,  which It sees its huge speculative benefits jeopardized. Mass  adoption has a long way to go, especially for the ETFs, which will  still be late and will open the melon of cryptocurrencies. The  SEC continues to maintain its position against the Bitcoin ETFs, but  they continue to observe the volatility and nature of this  cryptocurrency. 

It is known that cryptocurrencies have a top value and then fall, something normal and usual. A  few days ago the Bitcoin rose to $ 7,300 and fell more than $ 500 in  just a few minutes, a correction that was instantaneous, due to the top  of many investors. These movements, already  conceived as normal, are what the SEC does not end up liking, who  considers that the BTC has 'fundamental flaws', which means that 'they  are dangerous assets to force a structure negotiated in the stock  market'

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