November Will Be A Turning Month For Bitcoin According To Experts
As we all know, Bitcoin is the most advanced and successful cryptocurrency of all time. In 2017 it was estimated that from 2.9 to 5.8 million individual users use a cryptocurrency wallets, and most of them use Bitcoin. Despite all the circumstances and fluctuations in cost from day to day, the tender has firmly risen to its feet in 2012.
So why will November be a turning month for Bitcoin? Since its creation, Bitcoin has not had an Exchange-traded fund (ETF), which allows investors to interact with regulated cryptocurrency instruments. According to Hermann Finnbjörnsson of the consulting firm Svandis cryptocurrency, investors keep their fingers tightly crossed, as it is estimated that Bitcoin’s cost will reach $ 10,000 in the first week of November.
As it happens, the parent company of the New York Stock Exchange-Intercontinental Exchange (ICE) – has announced plans to launch a new crypto-exchange platform called Bakkt in the near future. With this comes digital EFT, based on digital assets, which will allow investors to understand what they are waiting for.
There are many who believe that the creation of BTC-EFT can be very harmful to the currency, as this can damage the ecosystem, while others are eagerly awaiting change.