The SEC (securities exchange commission) is now considering allowing crypto ETF's (exchange traded funds) by the request of the CBOE (Chicago Board Options Exchange). This time the SEC is going through the process of allowing the ETF funds. The SEC is following the procedure and starting the process with the public notice and the open comment period. The SEC wanted to wait until there was more stability and oversight in place.
In the U.S.A. both the CBOE and the CME (Chicago Mercantile Exchange) will be offering the ETF's. This will allow an "one ramp" for large institutional investment funds to participate in the crypto market. This is when $billions of dollars will start to eye the market with interest and direct liquidity into the market.
Reports have also been circulating that both the Toronto and New York Stock Exchanges will be getting involved in the crypto market this late summer. Once again, this will allow big money to be directed towards crypto and blockchain technology as a whole.
We are truly seeing a calm before the storm. The past four months has been a huge discounted buying opportunity for those who see the future of commerce. I have yet to panic over crypto retracements. In over two years, I have never sold any crypto coins. I have used dollar cost averaging and bought every month (every 7 to 14 days)to slowly build my portfolio. When you buy using dollar cost averaging, you never get depressed over buying too high or feel that you are missing out (FOMO).
In this case, the steady as she goes Taurus, does win the race. By the year 2020, we will see 1/4 of the globe transacting in crypto and valuations of the coins/tokens that will blow your mind. Remember to always research the market. Look for solid developing teams, good source code, large network effects and a currency or token that fills a niche need. The world is headed towards digitizing all assets. There is no way around the adoption of this efficient technology. The sooner we get on board, the sooner we can possible secure our financial future.
image from: ixquick-proxy.com, hibusiness.ca, updavid.org
