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The next six months will define the rise or fall of Bitcoin

by , 20 August 2018
The next six months will define the rise or fall of Bitcoin
We've seen almost every major financial institution in the world state that they either intend to start trading crypto, or that they already have.

We've seen companies like Coinbase bringing in multimillion-dollar hedge funds into this market.

We've seen regulators declare that bitcoin and Ethereum are not securities and regulations relaxed.

And yet crypto prices continue to slide.

But the next six months is crucial for the crypto market. In fact, it will define whether Bitcoin rises or crashes even further.

Let me explain…

The Bitcoin ETF dream is on pause…for now

The only thing that seemed to have any sustained positive impact on prices lately was the bitcoin exchange-traded fund (ETF) proposal backed by the Chicago Board Options Exchange (CBOE).

A bitcoin ETF would let institutions and rich individuals buy and secure bitcoin as easily as they do stocks. And importantly, it would open the floodgates for more crypto ETFs.

But this dream has come to a halt…for now.

Last week, the Securities and Exchange Commission (SEC) announced it was delaying its decision on whether to approve a Bitcoin ETF, until September.
Overnight, bitcoin dropped more than 12% from $7,100 to $6,200.

This shows just how fragile the rallies this year have been.

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So, here’s what will probably happen over the next six months

There’s a very good chance the SEC will delay its decision again.
This is our prediction…

  • September - Another delay announced. And another price crash
  • December - Another delay announced.  And another price crash.
  • February 2019/March 2019 - An approval. And then a big rally.

If you’re unsure what to do, then there’s no better person to be following right now than Sam Volkering.

In his view, the crypto ETF decision is just one of the many actions that will cause a rally or a fall in the crypto price – but it will be temporary.

Cryptos are here to stay and if you understand the crypto market or follow someone who does, then you can ride this next wave and make some serious money.


The next six months will define the rise or fall of Bitcoin
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