RATE Group | Bitcoin Experts Pin Price Hopes On Early November — Here’s Why
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Bitcoin Experts Pin Price Hopes On Early November — Here’s Why

04 Sep Bitcoin Experts Pin Price Hopes On Early November — Here’s Why

Posted at 08:12h in Bitcoin News by

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Close-up of the hologram on the back of a physical bitcoin wallet card. This specific bitcoin wallet card is issued by the Money Museum Zurich and can be used to receive bitcoins from other people by showing the card’s QR code.

The bitcoin price has been bouncing around from $6,000 to over $8,000 in recent months, but that could soon change. Many investors are looking forward to the U.S. Security and Exchange Commission’s (SEC) decision later this month on whether to grant approval for a bitcoin exchange-traded fund (ETF) — something the SEC has previously rejected due to fears around bitcoin’s wild price swings and price manipulation.

But others are looking beyond that, pointing to the New York Stock Exchange’s parent company, Intercontinental Exchange (ICE), plans to roll out a bitcoin ETF on November 5.

In July, ICE revealed that it was launching a bitcoin and cryptocurrency platform called Bakkt in partnership with coffee chain Starbucks,…

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