Today we are talking about 3 upcoming crypto events that may trigger a bull run.
This Is based on an article that I read and some additional research.
The first cryptocurrency event that may trigger a bull run is the consensus event, which will be held on may 14th.
It involves big names from the crypto industry as well as regulatory authorities that will discuss blockchain and cryptos.
Last year this event contributed in the bullish trend of June.
There are some other articles that back this up and I will link those in the comments. (https://coingape.com/coindesk-consensus-event-2018/)
The second cryptocurrency event that may trigger a bull run is the SECs ETF approval
Another thing to pay close attention to is if the SEC allows the trading of crypto ETFs.
An exchange-traded fund (ETF) is basically an investment fund which is traded on stock exchanges much like stocks which are very attractive as investments because of their stock like features, low costs, and tax efficiency etc.
In January, SEC asked several crypto-based ETFs to withdraw their proposals citing how the funds holding massive crypto amounts can’t satisfy the 1940 Act
which is basically investment advisors act that requires the security investment advisors to be registered with the SEC.
At the end of last month, Cboe (Chicago Board Options Exchange) that launched bitcoin futures made an appeal to the SEC to allow ETFs for cryptocurrencies.
Crypto ETF basically allows the investors to purchase groups of cryptocurrencies instead of having them make individual investments in different currencies. This means investors would be less exposed to the wide volatility in the crypto market.
If SEC does approve crypto ETFs, it will help building investors trust in them as well.
Number 3 crypto event that may trigger a moon launch is Ethereum’s hard cap
Vitalik Buterin, the co-founder of cryptocurrency Ethereum has suggested an ethereum hard cap of 120 million in a post on GitHub, which I will also link in the comments. It is expected that it would go live with the first phase of Casper update. (https://coingape.com/vitalik-buterin-proposing-ethereum-hard-cap/)
By limiting the supply of eth cryptocurrency, a potential price rise is in its future.
Besides, we all know that Ethereum is the most popular platform when it comes to ICOs and by capping the Ethereum supply the entry into the ICO market can be made tougher which could lead to increased gas prices which would eliminate the opportunists looking for a quick buck through ICO scams.
This would not only help the crypto community clear its name but also bring more trust for more institutional investors to enter the markets.
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