In an interview with CNBC kin-Wai Lau noted that the stock market is on the verge of the second wave of the global rally of Bitcoin. At this time, the growth of cryptocurrencies will be associated with a growing demand from institutional investors. According to Lau, very soon we will be able to witness a complete change of policy regarding SEC cryptocurrency ETF.
When you need to buy a crypt
The abolition of the ETF of the Winklevoss brothers Lau did not consider the negative sentence cryptocurrency. In his opinion, the SEC is just waiting for the advent of tools by which large investors can safely invest their capital in the crypt.
It all depends on whether there will be soon the organization is able to meet all safety requirements and market monitoring. I think the stock market is almost ready for the arrival of the first ETF, only a few months.
The main catalyst for the following bullrun will be mass adoption of cryptocurrency.
There are many predictions of the next maximum of the price of Bitcoin. The cryptocurrency is already used in many countries, so world government and monetary authorities gradually began to introduce legal regulation of digital assets. It is quite possible that soon the coin will be released in the new trading channel between 10 000 and 15 000 dollars.
Today Bitcoin is trading at $ 8155. The asset is fully recovered after falling amid the news about the cancellation of the creation of the ETF of the Winklevoss brothers. While the market is not a serious movement, as all await the verdict of the SEC concerning the application and the CBOE VanEck on a private exchange Fund.
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