{"id":8587,"date":"2018-09-06T00:00:00","date_gmt":"2018-09-06T00:00:00","guid":{"rendered":"https:\/\/crypto-economy.com\/2018\/09\/06\/according-to-some-analysts-bitcoin-could-still-change-its-luck\/"},"modified":"2018-09-06T00:00:00","modified_gmt":"2018-09-06T00:00:00","slug":"according-to-some-analysts-bitcoin-could-still-change-its-luck","status":"publish","type":"post","link":"https:\/\/crypto-economy.com\/according-to-some-analysts-bitcoin-could-still-change-its-luck\/","title":{"rendered":"According to some analysts Bitcoin could still change its luck"},"content":{"rendered":"
The Securities and Exchange Commission<\/strong> has severally rejected bitcoin ETFs<\/a><\/strong> based on the uncertainties associated with digital currencies mainly due to their volatility and the suspicion that it could be a highly manipulative market. Nevertheless, many analysts are enthusiastic that the trend will soon change creating a remarkable impact on the value of the digital currency.<\/p>\n Other Bitcoin experts have even more reasons for optimism citing the Intercontinental Exchange\u2019s plan to launch a bitcoin ETF<\/strong> in November effectively giving investors the opportunity to invest in the coin<\/a> <\/strong>under a regulated environment. Intercontinental Exchange (ICE) is the parent company of New York Stock Exchange (NYSE) and the ETF is expected to bring in institutional investors that have been seeking avenues to take positions in the coin market that has been described at its best as volatile.<\/p>\n ICE which announced in July that it was setting up a cryptocurrency platform, Bakkt is collaborating with Microsoft, Bolton Consulting Group and Starbucks in its bid to realize the proposed ETF stated that:<\/p>\n “Our new daily bitcoin contract<\/strong> will not be traded on margin, use leverage, or serve to create a paper claim on a real asset. This supports market integrity and differentiates our effort from existing futures and crypto exchanges which allow for margin, leverage and cash settlement.”<\/em><\/p>\n