According to Paul, the lack of trusted custodians and a suite of institutional digital money products, keeps institutional investors from entering the crypto market.
It’s not like Coinbase custody will launch and suddenly every pension will throw $100 million into BTC.
Analysts at IronWood believe the emergence of such investment tools as ETFs could trigger the next price rally.
Bitcoin is currently in the bear market that began in December when it reached a record high of $20,000.
Strutton noted that with a bitcoin ETF the value of bitcoin could achieve at least $26,000 and underneath $44,000.
Bitcoin is predicted to reach new heights until the end of 2018 given the emergence of cryptocurrency ETFs and the growth of institutional investment.
The post Bitcoin Price May Skyrocket Due to Broader ETF’s Launch appeared first on CoinSpeaker.
One of the apparent early Bitcoin developers, Jeff Garzik has finalised the launch of a new altcoin, by the name of ‘Metronome’.
#Metronome has officially launched!
Read the important reminders from yesterday’s email: https://t.
Bitcoin Magazine
Bitcoin Price Rebounds to $109,000 After ‘Uptober’ Disappointment, Traders Eye November Bounce
Bitcoin price has recovered to above $109,000 after a volatile October marked by a failed “Uptober” rally, Fed-driven risk aversion, and U.
“When you target one industry the way they are with this bill, that’s bad policy no matter what the industry you’re targeting,” said Satoshi Action Fund CEO Dennis Porter.
Ethereum-based (ETH) social token platform Rally said its sidechain would shutter operations on January 31, and users would be unable to transfer their non-fungible tokens (NFTs), according to emails sent to its community on the same day.