Earlier quoted context omitted.
Institutional investors via Bitcoin futures ETFs[0]. It will likely result in a lot of money flowing into the market via funds and investment houses where investors seek to diversify their investments. That will probably bring the cryptocurrency market back up to $20K and above. It probably won't happen until 2019 or 2020, though. The SEC is still on the fence about it, but I see it as an eventual inevitability. [0]:…
Good grief, I hope that does not happen. I think any professional financial services people who blatantly speculate with clients' funds should be on the hook for criminal penalties. It's one thing for Joe Blow to play the speculation game with his own money, it's entirely different for a professional to do it with everyone else's.
Re: After the Bitcoin Boom: Hard Lessons for Cryptocurrency Investors
#141Don't worry, the SEC has now declined to approve two separate attempts at a Bitcoin-based ETF, both times citing the extensive manipulation of Bitcoin markets as one of the reasons. I don't see them changing their attitude given that rampant market manipulation is the main thing keeping Bitcoin alive at all right now.