With the projected approval of the CBOE ETF application by SEC, it is very likely that BTC and the cryptocurrency market as a whole is ready for a massive bull run. However, it is all speculation but I do have a good feeling about september.
The ETF wont likely be approved till Feb 2019 as that is the last point to refuse it. An optimistic stance is to believe they will pass it at that point but to assume they do so now seems most unlikely following other similar refusals.
Chances are they'll continue delaying it, then reject it in February, if not before. Or they'll just reject it outright. It's plain to see why an approval in the near future for any ETF is unlikely, if you read their earlier decision about the Winklevoss ETF. As long as unregulated offshore exchanges control most of the market, it's not going to happen. It doesn't matter whether the next ETF application is packaged with physical backing or futures backing or anything else. The problem, as the SEC sees it, is the spot market itself.
The pump will come when it's less expected.
Maybe several months after the halving late in 2019
Maybe several months after the halving late in 2019
I agree the pump will come when it's least expected (meaning we aren't ready yet). But the halving is slated for 2020, right? Lots of people are also expecting a bull run at that time.
