Why Bitcoin Will Hit New Highs - ETF Date August 10th

[JRMtrader]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

[audaciousbeing]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

I don't see any reason why anyone should keep his hopes high because of this impending news coming in August. It has happened before and it all came with disappointment. The only question we should be asking is that what has changed from the last time that the proposal was rejected to this time for the outcome of the decision to be different. Since the last time till now, I have not read of any law signed to influence this kind of decision, I have also read of any huge company operating in the financial market coming up with huge amount of money or declaring maximum support for bitcoin which could also play an important factor here and most importantly, I have not read about the change in the board or committee members to have warranted a new hope that something different has is going to happen. With the absence of all the listed, I think its better for people to wait to see the outcome before making investment decisions.

[alyssa85]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

I don't think the ETF will get approved.

The last one was rejected because there were so many scammy exchanges that they weren't sure if prices were being manipulated. That is still the case.

[pey]

I think bitcoin will hit new highs peridot. Etf, lightning etc. things change but fundamentals do not change, this is why it is the most trusted coin.

[googs84]

Again. The possibility and sky is the limit. We can say that such news might be seeding sources for the bitcoin hikes and may develop its price in similar way they did it in last December. This year is no different because the news like stock exchanger putting its money into the crypto, EOS sell off coming to an end and stuff like that always boost the bitcoin price for sure. In addition to this, we are coming to the Q3 middle terms where most fo the people jump into the crypto and starts putting their stakes. I guess all of this will truly hike bitcoin soon.

[Slow death]

Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

 

In other times, people were not clear on why they had not been approved? maybe this time it's really okay, I say this because it might happen that the SEC gets tired of being asked some things and they always repeat the same thing " NO ". so this time they might say, "Okay, you guys are okay." joke. no one in the world crypto is high expectations because of this news, just see that the price only remains stagnant and with strong tendencies to fall a lot.

I don't think the ETF will get approved.

I agree

[luckyluigi]

Hmmm. interesting thoughts. That would be marvelous to be true. I will buy myself a new car in that case, because it turned out that I`m owning some of that stuff now.

[Jating]

We have Bitcoin testing its bottom for the third time, Coinbase adding Custody, South Korea flipping for the 10th time allowing and regulating cryptocurrencies, and the $4 billion dollar EOS raise finally finishing its Ethereum dump on the marketplace. Bitcoin’s next run will go further and happen quicker than people realize.

In the news, we have Europe’s largest trader of exchange-traded funds is moving into crypto and the CBOE applying for a Bitcoin ETF again. August 10th is the date to watch for the approval or disapproval of the ETF. Even if it gets rejected like the other times, it will provide clarity as to what is needed to approve one.

We discuss the latest news and give our insights as a mix of traders from firms such as JP Morgan. Give the latest episode a listen!

I doubt that SEC will approved any bitcoin or crypto related for now. They already said that the market's volatility causes them concern hence Winklevoss application is denied the first time and subsequent applications as well.

As for Europe's largest trader moving into crypto? Remains to be seen. This news is very welcoming indeed, but it doesn't have the enough push to suddenly make investors renewed their interest on the market. Actually, with the current sentiments, I can't think of any positive news that will sway the attitude of investors to pour their money on the struggling market right now.

[Aweda100]

This is great news. Although SEC is currently strict with anything related to cryptocurrency now. If ETF can be approved, then the bull run will set in. Just my opinion though

[sedahan13]

All trader waiting for this news and this Bitcoin ETF really make big impact to the crypto market, Bitcoin ETF been delayed but many trader was panic sell and the price going down, and i hope Bitcoin ETF will approved so Bitcoin and others crypto will bull run again.

[karungbitcoin]

Last year Bitcoin can going up to $20k without news of Bitcoin ETF and others good news, so by this historycal price action the price of Bitcoin sure will going up to the $20K again although Bitcoin ETF denied. Bitcoin is gold 2.0 that has more benefits than gold so i believe in the long term the price possible to going up to 10 times more.