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Bitcoin-ETF as a catalyst for the growth of cryptocurrency

11/12/2018
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Now more than 95% of the cryptocurrency trade is carried out by retailers and buyers. Large investors are afraid to invest in this asset, since it does not have the necessary legal framework and is little studied by the market.

However, there is a tool that can correct the situation. The US Securities Commission is considering the launch of a bitcoin ETF. In an interview, Gabor Gurbacs, one of the directors of the financial company VanEck, made a forecast of the price of bitcoin after the launch of a new product. He is confident that the cost of one coin will rise to at least $ 22,000.

For example, he cites the gold market, which grew by 300% after the launch of the Golg ETF. According to the expert, as a result, the asset will attract more than one billion dollars of new investments.

What is ETF

Large investors cannot work with financial assets according to generally accepted rules. Thus, pension and hedge funds simply do not have the right to use tools below a certain level of reliability.

Therefore, they cannot trade in cryptocurrencies directly. Creating an ETF fund will change the situation. He will invest in cryptocurrencies and will issue his securities. This is a familiar tool that has its own rating of reliability from the regulator and agencies. Such assets are permissible for the most fastidious market participants.

It was calculated that if pension funds invest only 1% of available funds in new assets, Bitcoin capitalization will increase 5 times. Therefore, the forecast of Gabor Gurbaks seems very realistic. His colleague Oliver Isaacs holds a similar opinion. Being very strict to the forecasts, the cryptoinvestor this time was forced to agree. He fully admits that the price of Bitcoin after the launch of the ETF will increase four times

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