The cryptanalyst Brian Kelly: ETF for Bitcoin in 2019 will not fire
Source:Kryptoperidinium and one of the key figures CNBC Brian Kelly said that the chances for approval in 2019 just yet. Such a statement Kelly made during an interview to Cointelegraph at the conference Crypto Finance in Switzerland. The total state of the stock market in 2019 will be much preferable to the previous one. The end of the bearish trend is already somewhere near, but before the growth can happen is another crash.
According to Kelly, in the new year the focus will be on major cryptocurrency like Bitcoin and Litecoin, in part because of geopolitical pressures around the world. Now we are increasingly faced with the use of Bitcoin global macroaggregate alternatively its gold positions or as insurance in the face of strong volatility of Fiat currencies.
Kelly is confident that in 2019 Bitcoin will get much more solid support among traditional investors. However, concerning the approval of the ETF for BTC Kelly was not so optimistic.
Adoption of Bitcoin ETF Commission, US securities and exchange Commission (SEC) – a long-awaited event and is considered by many as a prerequisite to the entrance of large institutional investors in the stock market.
Recall, for 2018 SEC received numerous applications for approval of the ETF, for Bitcoins, including the concept from the brothers-the Winklevoss twins. So far none of the applications was not approved. And according to Kelly, the Commission is unlikely to soon change their point of view, as still too many unresolved issues. The analyst believes that the solution to the existing number of issues will require more than one year.
However, he predicts a new recession and another financial crisis. The main difference between future crises from the past will be that they can be a window of opportunity for cryptocurrencies, which could eventually become an alternative to Vietnam money. More data to search for .
Recall that the current rate of coins can be found in our classroom .
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