The price of Bitcoin has risen from $6,000 to over $8,000 in recent months, but things may change soon. Many investors are looking forward to the decision of the us security and exchange Commission (SEC) at the end of this month on whether it will grant ETF permission - as the SEC previously rejected applications due to concerns about sharp fluctuations in Bitcoin prices and price manipulation.
However, many now began to look closely at the parent company of the New York Stock Exchange, Intercontinental Exchange (ICE), which plans to release Bitcoin ETF on November 5.
In July, ICE announced that it is launching a Bitcoin and crypto platform called Bakkt in partnership with Starbucks, Microsoft and Boston Consulting Group.
ETF will be launched in the framework of Bakkt, which will also help to build a scalable ecosystem for the markets regulated at the Federal level.
Our new daily contract Bitcoin will not be sold on the margin, to use leverage or be used for creation of paper application on a real asset," said Executive Director Bakkt Kelly Leffler in a blog. "This maintains market integrity and distinguishes our efforts from existing futures and crypto exchanges that allow for margin, leverage and cash settlements.
I believe that the Bitcoin price will reach $ 10,000 by the first week of November," said Hermann Finnhorse, founder and CEO of consulting firm Svandis. "I think there are many reasons to be bullish about Bitcoin. The probability, in my opinion, that Bitcoin will not succeed is less than 1%.
Michael Turpin, a partner of the Fund Alphabit, repeated comments Finnhorse, saying: "Technology adapts cryptocurrency to the fact that you can go out and buy everything on your phone."
This new wave of potential investments has given rise to the hope that the price of Bitcoin will exceed its record highs at the end of last year, when it cost almost $20,000.
