The year 2018 was a maturity period for the crypto market despite the fluctuations and bearish trend embracement. At the closure of 2018, crypto industry experienced the hardest, however, could barely stop the firms to lead their plans and drive towards various project developments.
Considering the Bitcoin ETF, SEC authority denies a majority of their approval, however, this is one main reason which makes institutional investors uncomfortable to enter the crypto space. There are lots of personalities within crypto sphere claiming on the Bitcoin ETF approval to lead the crypto mass adoption. However, the core question is if this can change to reality.
Nulltx.com highlight up David Reischer, who is Esq. Attorney as well as the CEO at LegalAdvice.com. According to him, a granted Bitcoin ETF in 2019 will become an important key to boost the market.
“As an attorney involved in the Bitcoin space the most significant factor to affect Bitcoin price, in the long run, is the proposed Bitcoin ETF. If the SEC approves an ETF for Bitcoin in 2019, specifically the pending VanEck/Solid X application for a Bitcoin ETF, it could revolutionize the banking industry,” he said.
While talking about both VanEck and Solid X Bitcoin ETF, the most essential aspects are that they get support directly by a reserve asset of Bitcoin. Moreover, they both have good are insured well.
Many other crypto influencers believe that though 2018 was a rough year, therefore, an improvement is probably required. Also, this situation of bear and bull market has made the crypto space more mature.
Lastly, we need to see for what future brings. Currently, it seems that the approval of can enhance a crypto industry. Recently, the SEC agency extends this rule change proposal that might have let the world’s initial Bitcoin ETF once more.
What do you think? Will the crypto mass adoption be triggered in 2019? Share your thoughts in our comments section.