Factors that can skyrocket the Bitcoin price in July and August 2018

We all know what is going on in the cryptocurrency market from last six months but no one can claim for the exact reasons behind the situation.
People were thinking that bad news are affecting the Bitcoin price but now we need to re-think before selling our coins after any news whether it is crypto Ads ban on Facebook, Google, Twitter and Linkedin or something else. No big bad news coming which can affect the price but panic selling is still going on.

Lets move to the factors that can boost Bitcoin price in the next two months

1. Regulations may come in various countries in july as discussed in G20 Summit held in Argentina:

We all are aware about G20 Summit held in Argentina in the March month where regulators from various countries has kept their on Regulation of Cryptocurrencies. At the end of the Summit, it was cleared that cryptocurrency regulations are coming by July 2018.
Once the Securities and Exchange Commission (SEC) in USA and other regulation authorities give the clear picture, it will help Institutional Investors to come up in Crypto market with millions of dollars institutional funds which will skyrocket the Bitcoin price.

1. Launch of Estonia based EU regulated cryptocurrency exchange – DX.exchange:

This exchange can be a game changer for Bitcoin price as the Pre-Registrations for this exchanges has already reached 500K users. It is the first crypto exchange which is backed by NASDAQ technology which will give users a smooth and user-friendly crypto trading interface. They have announced the exchange launch date of 25 July and KYC registrations/Verifications will be started from 2nd July.

1. Launch of Japan based cryptocurrency exchange – SBI Virtual currencies:

It has already been launched focussed in XRP but many around 20,000 users are waiting for KYC verifications. They have added BCH as well as the second currency on their exchange. Hopefully they will add BTC very soon which can boost the Bitcoin price in upcoming months. SBI Holding is the one the Financial giants based in Japan which can be the a good competitor for other exchanges if they expand their services around the globe.

1. Decision on RBI circular released on 6 April:

RBI has released a circular on 6th April 2018 mentioning that Banks must with withdraw their INR Deposit/Withdrawal services from the accounts which are dealing in Cryptocurrencies within 90 days. Those 90 days will be completed on 5th July. As per the latest update, a hearing is scheduled with Internet and Mobile Association of India (IMAI) on 3rd July in Supeme court of India which will give the right direction to Cryptocurrency investors.

While two of these exchanges, Koinex and Wazirx has announced the launch of Peer-to-Peer exchanges as Plan B which will be binded with their main exchange applications.

Hope you have found this content useful. If really, then please let me know by giving us the useful feedback and upvotes. You can give additional factors which may boost the price.

Thanks,
Team Success Perks