- Written by admin
Last Thursday, Bitcoin and Cryptocurrency expert, Teeka Tawari, the person whom I most look to in making investments in cryptocurrencies, reported he believes the CBOE’s, the Chicago Board Options Exchange, one of the largest, most well-respected, most well-funded clearing institutions on the planet, application for a Bitcoin ETF (Exchange-Traded Fund) will get approved by the SEC, (the US Federal Securities and Exchange Commission). The CBOE’s credibility is up there with the New York Stock Exchange, the Nasdaq, he says.
Reporting of the news of the CBO’S a Bitcoin ETF application and prospects for it being passed is being reported by several prominent cryptocurrency publications, including Bitcoin Exchange Guide, CryptoSlate GlobalCoin, Bitcoin Magazine and CoinDesk. Do your own reviews and make your decisions how you believe an SEC approval of the CBOE’s Bitcoin ETF will affect price of not only bitcoin but cryptocurrencies in general.
I have been bullish on bitcoin since I learned about it in 2015. Although I have made money and lost all of it due to lack of education and involvement with some questionable people and companies, I have learned my lesson. Currently, I mostly invest in bitcoin and other cryptos following the portfolio held by Teeka.
I also only invest money that I feel comfortable in loosing assuming things don’t go the way I want. I also spend as much time as I can learning all I can about bitcoin and cryptocurrencies as well as attempting to follow the enormous amount of news reporting on the space.
I am very excited about the prospects of CBO’S Bitcoin ETF application getting approved in the near future. And in addition to this exciting news, over the last 90 days, it has been reported that some of the biggest institutional investors in the world are flooding into cryptocurrencies while individual investors have been scared out of the market during the downturn in prices over the period. The following are examples:
*Wall Street investment bank Goldman Sachs announced that it would launch a crypto trading desk.
*Susquehanna—the 12th-largest trading firm in the world by volume—announced it would start trading cryptos, too. The firm even went as far as creating its own custody company to hold its cryptos.
*Billionaire investor George Soros—one of the world’s greatest moneymakers—gave the green light to his team to buy cryptos.
*Coinbase—one of the world’s largest crypto exchanges—launched a crypto index fund for wealthy investors and institutions.
Financial services company State Street said it’s considering acting as a custodian for bitcoin. State Street has $2.7 trillion under management.
*Wellington Capital—with over $1 trillion of assets under management—stated its intention to start trading bitcoin.
*The Rockefeller family’s venture capital firm, Venrock, said it’s also buying cryptos.
So you can see there is a lot of positive activity occurring in the crypto space that is not necessarily picked up by the traditional mainstream media and is being overlooked. While there is never any guarantees when investing in anything, the prospects of CBOE’s Bitcoin ETF application being approved by the SEC and institutional investors beginning to pour into the crypto market, I personally am felling quite bullish. And there is one more reason, which I guess comes more from a bias point of view. That is, I am a big believer in decentralization and enhancing freedoms of individuals. The blockchain technologies upon which cryptos are built provides for that.
AND, there is one last point I want to make, if you are considering investing, you must first GET EDUCATED, GET EDUCATED GET EDUCATED.
You might want to start by tuning into a free Cryptocurrency Training Event that Teeka Tawari is doing with world renowned TV host Glen Beck they have named “The Great Cryptocurrency Conspiracy of 2018” The event is being held Thursday, July 19th, at 8:00 PM Eastern. Click on the link for more information and to register.
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