Ran NeuNer Suggests Bitcoin Price is Set to Explode with Upcoming ETF Approval | Bitcoin Exchange Guide

Neuner has always been very bullish and positive about Bitcoin’s future. A new rally in Bitcoin’s price could be related to an approval of a Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC). In the coming months, a positive decision could be taken by the US agency.

At the end of 2017, Bitcoin experienced an important price increase between November and December. The really was triggered due to the fact that the U.S. Commodity Futures Trading Commission (CFTC) confirmed the eligibility of the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME) to launch Bitcoin futures.

The CBOE launched its activities on December 11. The CME, instead, on December 17. At this time, the most important virtual currency reached its all-time high of $20,000 dollars. Since then, the virtual currency has been in a bear trend.

However, Neuner believes that the SEC approving a crypto ETF is a ‘bigger deal’ than cash settlement Bitcoin futures contracts. Interested investors would have to physically acquire the virtual currency rather than managing cash as in these two futures markets.

With an ETF, several experts believe that institutional and wealthy investors would be likely joining the crypto market. If that happens, the price of the most important cryptocurrency could start to grow again.

Read complete article here:

Ran NeuNer Suggests Bitcoin Price is Set to Explode with Upcoming ETF Approval.