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One expert has predicted that a Bitcoin price of “$100k over the coming months is all but certain”. Earlier this month the US SEC revealed its growing interest in four separate Exchange Traded Funds which are linked to BTC futures.
Konstantin Anissimov, Executive Director at CEX.IO states that the approval of these funds by the SEC has helped push the Bitcoin price higher.
“Speculation surrounding the approval of these funds is one of the factors helping push Bitcoin price up.”
The financial director added: “Another reason for Bitcoin’s increase in value is JPMorgan’s recent note to investors.
The company said that the prized crypto-asset seems to be a better hedge against inflation than gold.”
In other trending Bitcoin News today: New tickers and ARK filing shows Bitcoin futures ETF approval imminent: Analyst
Bloomberg’s senior ETF analyst says there are “good” signs that a Bitcoin ETF will soon be approved, pointing to Ark Invest filing for a Bitcoin futures ETF with an assigned ticker and Valkyrie updating its own ETF prospectus with a ticker.
Cathie Wood’s Ark Investment Management LLC filed for a Bitcoin (BTC) futures ETF under the ARKA ticker, while Valkyrie has assigned its BTC futures prospectus with the BTF ticker.
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DISCLAIMER: This is NOT financial advice. The views and opinions expressed in this video are just opinions, nothing more. Trading is very risky, especially when trading with leverage. Seek financial advice from a professional and trade at your own risk because I am not responsible for any investment decisions that you choose to make.
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