{"id":382466,"date":"2019-05-15T19:00:11","date_gmt":"2019-05-15T19:00:11","guid":{"rendered":"https:\/\/uniquehot.com\/?p=382466"},"modified":"2024-06-11T16:16:03","modified_gmt":"2024-06-11T16:16:03","slug":"bitcoin-btc-capped-us-sec-delay-its-now-a-matter-of-when","status":"publish","type":"post","link":"https:\/\/uniquehot.com\/news\/bitcoin-btc-capped-us-sec-delay-its-now-a-matter-of-when\/","title":{"rendered":"Bitcoin (BTC) Capped, US SEC Delay, It\u2019s now A Matter Of WHEN"},"content":{"rendered":"
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Bitcoin (BTC) prices up but in tight ranges<\/em><\/li>\n
The US SEC delays their decision on Bitwise Bitcoin ETF<\/em><\/li>\n<\/ul>\n
After their decision on Bitwise Bitcoin ETF, all eyes are on the US SEC and whether they will finally approve any of the many applications. Even so, buyers are in charge with prices soaring 70 percent after breaching $4,500 resistance, now support.<\/em><\/p>\n
Bitcoin Price Analysis<\/h2>\n
Fundamentals<\/h3>\n
Over and above Satoshi\u2019s objective of creating a global payment platform, Bitcoin is disruptive. The technology underpinning its success is likely to cause a paradigm shift accommodating fluid projects. Thus far, there is resistance\u2014but for good reasons.<\/p>\n
Bitcoin and all blockchain applications are global and mostly unregulated. That is why there is reluctance from institutional grade investors to sink funds into a sphere where asset price manipulation is so rampant that Jay Clayton of the SEC said the agency wouldn\u2019t approve any crypto derivatives until there is proper monitoring in place.<\/p>\n
As agencies and start-ups, lay down rails in compliance, Bitcoin benefits are seeping through barriers. While all eyes are on the SEC and whether they will give the green lights, other jurisdictions are reaping benefits from correctly classifying and assuring investors through capital tax gains. Malta is the lead, and Japan is setting the foundation while there are rumors that Russia is amassing Bitcoin and Gold as a cushion in case there is another sanction.<\/p>\n
Meanwhile, Bakkt, Fidelity and traditional brokers are offering avenues for investment, meaning the future is all but bright for early entrants.<\/p>\n