Crypto analyst Ran Neuner stated that Bitcoin could soon explode.
On October 7, the crypto trader and the host of CNBC’s show said on Twitter that he bought Bitcoin for his parents because “it’s too obvious that it’s about to explode…”.
In Ran’s opinion, the BTC price will rally after approval of a Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission.
Last year,around this time,BTC went from $6691 (Nov 11) to $20000 (Dec 17) in 5 weeks.This on the back of the expectation and launch of a cash settlement BTC futures contract. An ETF is a way bigger deal & requires actual purchase of BTC.2 looming SEC decision deadlines ahead.
— Ran NeuNer (@cryptomanran) October 7, 2018
Until this moment the U.S. Securities and Exchange Commission (SEC) has disapproved several proposals for a bitcoin ETF.
Nevertheless, societies as Coinbase are looking to create a crypto ETF. The exchange operator is exploring the possibility to develop it with the help of the $6 trillion asset manager BlackRock.
On the other hand, Blockchain’s experts like Antonopoulos are against this type of financial instruments.
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