Sunday, April 30, 2017

Bitcoin Price Sets New All-Time High at $1,377: Main Factors

Bitcoin Price Sets New All-Time High at $1,377: Main Factors

Bitcoin price surpassed its previous all-time high to achieve $1,377 across major Bitcoin exchanges in Japan and the US, including Bitstamp and Bitflyer.

Such analysts as BKCM CEO Brian Kelly attribute the recent upward trend of Bitcoin price to the re-examination of the Winklevoss twins’ Bitcoin ETF COIN proposal. While Kelly emphasized that the probability of the US Securities Exchange Commission approving a Bitcoin ETF in the near future is quite low, investors are quite optimistic in regard to the situation.

"The SEC is concerned about how most of the markets [for Bitcoin] has traded outside of the US with no regulatory oversight. As of this point, I don't think the SEC would approve the ETF. What would change my mind is if the ETF or SEC only traded Bitcoin on regulated exchanges."

Full story at http://bit.ly/2pjgiIo

Tweet This Story

 

 

 

Donation:
If you appreciate the things I share,
consider making a contribution no matter
how small via PayPal. If you use Bitcoin you can
send donations to my Bitcoin Wallet:
12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.