RATE Group | Tech Venture Investor: SEC Approval for a Bitcoin ETF is Not Far Away
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Tech Venture Investor: SEC Approval for a Bitcoin ETF is Not Far Away

31 Jul Tech Venture Investor: SEC Approval for a Bitcoin ETF is Not Far Away

Posted at 05:53h in Bitcoin News by

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The CEO of the Fatfish Internet Group believes that Bitcoin will continue to increase in price in the short-term. Kin-Wai Lau spoke about the market experiencing a “second wave rally,” as well as the Bitcoin ETF proposed to the SEC.

Kin-Wai Lau: Second Wave Rally is “Very Strong”

Kin-Wai Lau appeared yesterday on CNBC’s “The Coin Rush” segment. There, he mentioned that he believed people will see the current price action in Bitcoin and other cryptocurrencies as a “second wave rally”. He went on to state that he felt it was a “very strong wave.”

When explaining why he felt optimistic about the price of Bitcoin in the near future, the CEO stated that there was a lot of interest at the moment. He then cited the fact that trading volume is around seven times higher than it was at Bitcoin’s lowest point this year. This serves as an indicator of renewed interest.

Another factor mentioned by Lau is adoption. According to him, adoption and interest increasing again will…

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