Bitcoin : If Bitcone ETF in Septemeber is denied I predict a fall back to $7,000. While the idea of an ETF would completely legimitize cryptocurrencies. I don’t think a complete rejection by the SEC would cause BTC to fall especially when most of the market is still in Asia.
A US approve ETF would see BTC reach new all time highs we see the predictions shooting to the stars. But, do not fret my bitcoin peope if the US won’t me forward if Trumps America too slow to catch on then let another country do it. Australia approved Gold ETF’s for instance.
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
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