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i_like_bb_stock

02/07/19 1:58 PM

#21794 RE: Davidbike #21793

hope so

vintagesake

02/07/19 2:11 PM

#21795 RE: Davidbike #21793

Powers that be seem to want to bleed BTC to death before they let it rise...such BS

Strategyone

02/07/19 3:09 PM

#21800 RE: Davidbike #21793

Davidbike,

With regards to your:


Well, I was wrong. I didn't think it would take the SEC and CFTC so long to approve an ETF or the BAKKT services. I mean BAKKT was originally expected to launch in November and now we are in February. I know there was a government shutdown for 5 weeks but if you asked me, if I worked for the SEC or CFTC if I could, I would have worked for free to help get it approved ASAP. I think their delays for approval are the number one cause why Bitcoin dropped from $6,000 to now $3,400.

I think maybe Cryptocurrency will start to rget excited again in March if Fidelity Custodial services launches in March.



The most popular ETF registrant pulled their registration because the government was closed down and the clock was ticking so they didn't want it to expire while the government was closed. They have recently resubmitted their registration. This restarted the time clock for a decision so this may delay the acceptance of this ETF but every piece of info was leading to a highly likelihood of acceptance this next decision point.

The BAKKT network created their own delay as they felt they were not ready back in December with their new network. They announced they have completed the changes and are now ready to launch. It is scheduled for the end of February but again, it needs SEC approval for this new exchange. This one should go through without a hitch and I expect a notification any day of the approval. I think Bitcoin will have a substantial spike on the announcement of the approval for BAKKT.

The Fidelity service starting in March will just be an extra launching pad. Hopefully, bitcoin will be back around $6k when Fidelity services start and shoot up from there.

Good luck