Post
Topic
Board Bitcoin Discussion
Re: Bitcoin ETF Available Eventually
by
deisik
on 09/02/2019, 19:44:47 UTC
Read about this https://www.btcnn.com/bitcoin-news/sec-commissioner-assures-the-community-that-there-will-eventually-be-a-bitcoin-etf-approved/ and I wonder if this could be a thing soon? Supposedly, this will be also a slump year according to experts. If a Bitcoin ETF is really approved, it could be the catalyst for a bull run? Or is institutional unnecessary for this? "Experts" are divided on the matter, and the opinion of down to earth guys is important

I'm more inclined to think that it is an instance of stovepiping

Maybe, this SEC commissioner himself has bitcoins and he decided it might be the right time to pump Bitcoin a little (it may also be any altcoin). Maybe, someone close to him asked this dude to say a positive thing about Bitcoin. As far as I understand it though, it is not considered a good practice when officials make premature statements about things which could strongly affect prices. We may have to wait for a rebuttal coming out soon (like people and mass media having misinterpreted his words and he didn't actually mean anything to that tune)