RATE Group | The Worst Could Be Over for Bitcoin Price amid Exhausted Bears
39930
wp-singular,post-template-default,single,single-post,postid-39930,single-format-standard,wp-theme-bridge,wp-child-theme-bridge-child,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

The Worst Could Be Over for Bitcoin Price amid Exhausted Bears

24 Aug The Worst Could Be Over for Bitcoin Price amid Exhausted Bears

Posted at 17:45h in Bitcoin News by

[ad_1]

What happens to Bitcoin influences investor sentiment toward all cryptocurrencies. This last week it has been the strong arm of the regulators that has been the culprit.

Much of the time American regulators seem to do everything in their power to kill anything crypto, blockchain and put the kibosh on any new financial idea. This has only served to drive projects offshore to places like Malta, Liechtenstein and certain cantons in Switzerland.

But when you look at the evidence, the SEC’s blanket rejection of the 10 or so applications to create ETFs based on Bitcoin futures was the right call.

Too Soon

Recently in these digital ramblings I have shared a sense of improvement in the regulatory climate.  Apparently this was not a lone opinion given investor anticipation and subsequent reaction to ETF applications earlier this year. Anything that stimulates demand for Bitcoin seemed like a good thing.

There have been about 10 different proposals present thus far….

[ad_2]

Source link