Entrepreneur and cryptocurrency expert CNBC Brian Kelly believes that in 2019 expected by many exchange bitcoin funds (ETF) did not receive approval from U.S. regulators. He said this in comments Cointelegraph.
According to Kelly, 2019 as a whole will be more positive than 2018. So, he said, “we are already close to completing [the bear market], although it wouldn’t surprise me if we are having another fall.”
“Probably the basis for the focus in 2019 will be in such currencies as bitcoin, Litecoin and some others, because in the world there is a certain geopolitical tension. We see some global macro players start to use bitcoin as an alternative to gold or as a hedge against fluctuations in Fiat currencies and volatility,” he said.
Also Brian Kelly believes that in 2019 will be circulated more widely among traditional investors, however, speaking about the possibility of approval bitcoin ETF Commission at the securities and exchange Commission (SEC), he said that he sees no such scenario.
Also, the analyst predicts that in the coming years, markets will survive another recession, after which will come a new financial crisis. Nevertheless, his nature, according to Kelly, will be different from previous crises and will probably create a window of opportunity for the cryptocurrency, making them a real alternative Vietnam money.
We will remind, last week a new application to launch a bitcoin ETF filed a cryptocurrency Fund Bitwise. Simultaneously, that they do not intend to abandon its previous plans to launch this investment vehicle said the owners of the exchange Gemini brothers Winklevoss.