Bitcoin price goes to $65000 after the approval of ETF in this year

Hello Friends,

The price of bitcoin will goes to $65000 in this year
Because of ETF approval.Because in ETF our bitcoin can be trade in between more users. And you can buy nitin from your account only. No need to go for exchanges.

What is ETF?

ETF means EXCHANGE TRADED FUND which was traded on stock market. So that people can buy it easily at very large plateform.

What SEC says?

By 2018, it has been reported that The United States Securities and Exchange Commission (SEC) is considering the idea of creating a Bitcoin-ETF. A Bitcoin-ETF would be an investment tool using Bitcoin as the main asset. The main purpose of it would be to facilitate the investing process into cryptocurrency and make it more attractive for the community.

3 REASONS WHY THIS TIME IT’S DIFFERENT÷

1.BITCOIN HAS EXPLODED IN PRICE

Most people in the Bitcoin space didn’t have high hopes for approval when the Winklevoss Twin’s COIN Bitcoin ETF was rejected in March 2017. What followed was a drop in price that spiked up to an all-time high $1,350 back to under $1,000 — a monster move, at the time.

Today, the price $6723.36 -0.42% is six times greater and was almost twenty times greater at its peak in December 2017. Meanwhile, the market cap of Bitcoin is still over $100 billion — certainly no small chunk of change that the regulators can’t ignore for long.

2.CUSTODIAL SERVICES

Traditional investors have mostly refrained from cryptocurrencies largely because they are investors — not Trezor-clutching ‘hodlers.’

Luckily, custodial services are now becoming a thing for institutional investors, with Coinbaseand the Swiss Stock Exchange being just some recent big names who will now offer custodial services for their clients.

3.REGULATORY CLARITY

One major reason for last year’s rejection was that Bitcoin markets were “unregulated.”

“Based on the record before it, the Commission believes that the significant markets for bitcoin are unregulated,” it explained.

But later that year, Bitcoin Futures began trading as big investment banks such as Goldman Sachs and JP Morgan started dipping their toes in cryptocurrencies.

Last month, the SEC itself provided further clarity when it announced that Bitcoin, Ether, and other decentralized cryptocurrencies will not be classified as securities. Meanwhile, the IRS has even launched an international effort to catch tax evaders who use cryptocurrency.

You can read it in detail from this article given below÷

https://bitcoinist.com/3-reasons-sec-bitcoin-etf-next-month/