Reading: Should You Be Worried About ETF Trouble and the Decline In Bitcoin?

Press releases

Should You Be Worried About ETF Trouble and the Decline In Bitcoin?

Bitcoinist

Bitcoinist | Aug 13, 2018 | 05:00

Press releases

Should You Be Worried About ETF Trouble and the Decline In Bitcoin?

Bitcoinist

Bitcoinist | Aug 13, 2018 | 05:00


The main thing to remember is that Bitcoin is like a very early stage venture but it has a real time price fee and that’s a unique thing. People get really excited about the price and overreact at announcements.

There have been a couple of big things that come out in the last week. An ETF rejection is the same story we had for 5 years. The SEC has been very cautious with an exchange traded fund.

How much does an ETF matters to the success of Bitcoin?

It’s all perspective. Bitcoin is up 82% year on year so it’s still doing really well and the perspective one should have given that Bitcoin is such an early stage venture type security or asset. It needs to be as hedge funds first and Coin Jolt launched the first managed cryptocurrency portfolio.

If you look at ETFs and a lot of different products and the best solution is to go through hedge fund structure. It’s the best way to go and it’s going to be quite a long time until an ETF is approved.

Here’s the perspective:

The last asset class to get approved for ETF certification was copper and copper has been on Earth for 10,000 years and it just got approved in 2012 after a very long multi-year process. Bitcoin and ETFs still has a long way to go.

The thing about markets is when news comes out people take things really positively and make a really big deal out of them and some people don’t.

In the last few business days we had some really big news. The ETF being rejected for the 5th time that’s not something really interesting. But last week the parent company in the NYSE which also owns $42 billion dollars worth of other exchanges launched a cryptocurrency exchange. That is huge news!

Bitcoin and the entire cryptocurrency market as a whole is poised to increase at a 40x multiple over the next 5 to 10 years and there has never been a better time to get started with investing.

Sign up and buy, sell and store digital currencies seamlessly on the platform instantly with zero fees. Or participate in an actively managed cryptocurrency portfolio with a projected 200% annual returns that offer unique trading and asset management strategies. Minimum $1 million dollar requirement. Create an account at https://coinjolt.com and invest today.


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