Bitcoin prices have been quite volatile.
But for those that can see the forest for trees, there’s plenty of upside opportunity. That’s because Bitcoin is here to stay, despite bearish opinion.
Here are the top three reasons to buy every dip.
Reason 1 – Intercontinental Exchange
The Intercontinental Exchange (ICE) intends to form a new cryptocurrency platform, called Bakkt. Its intention is to create an “open and regulated, global ecosystem for digital assets.”
The new company is expected to work with organizations, such as BCG, Microsoft, Starbucks and others to come up with an integrated platform to ease the trading, storing, and spending of digital assets. Meanwhile, it could also boost digital assets like Bitcoin, as it eases volatility.
Then, as the project matures, there’s hope to create a “scalable on-ramp for institutional, merchant, and consumer participation.”
“This is huge news… This will have a very profound impact over the next five or ten years for the markets and in my mind, that’s what people should be focused on,” notes the Pantera CEO.
Reason 2 – Regulators Know Bitcoin is Here to Stay
G20 lawmakers will tell you cryptocurrencies do not threaten the global financial system.
In fact, they don’t believe there will be any global pushback against cryptocurrency innovation.
Even the Federal Reserve Bank of St. Louis validated Bitcoin’s legitimacy as a currency. In its latest report, it’s argued that “beyond their attractiveness for illegal transactions, private payments serve important, legitimate functions in any monetary system, namely, “protection from malfeasance or negligence by counterparties or by the payments system provider itself.”
Reason 3 – An ETF is on its Way
Despite delays by the U.S. SEC, a Bitcoin ETF is on its way.
Cryptocurrency bulls have US SEC Commissioner Hester Peirce on their side who still says there’s no reason not to allow an ETF.
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