[2017-03-11] As SEC Rejected Bitcoin ETF, Bitcoin Price Rally Can Still Be Ahead

[tyz]

As SEC Rejected Bitcoin ETF, Bitcoin Price Rally Can Still Be Ahead

As the news of the Winklevoss exchange traded fund not being approved by the Securities and Exchange Commission sinks, the CEO of CryptoCompare, which brings the latest streaming pricing data of cryptocurrencies, hints at what could have been responsible for the rejection.
Charles Hayter states in an email that the SEC does not like Bitcoin being unchained from all regulation and the rejection move is, in essence, a form of consumer protection.

https://cointelegraph.com/news/as-sec-rejected-bitcoin-etf-bitcoin-price-rally-can-still-be-ahead

[darkangel11]

Bitcoin started going up before the announcement of the ETF, so yesterday's news are only a minor setback. I agree that we will see another rally this year, even though price spikes are not what bitcoin really needs at the moment. A slow and stable growth would be much better.