A Bitcoin Exchange-Traded Fund by the United States Securities and Exchange Commission, a move that could signal the entrance of large capital institutional investors.
However, a falling and uncertain stock market could pave the way for greater crypto recognition as investors look to get out of the traditional markets and into the increasingly price stable landscape of Bitcoin.
The tool has indicated a zero percent return over the next 12 months while also signaling that stocks pose a substantial risk for investors who continue to trade and stick by them.
Despite 2018 being a crushing bear market for Bitcoin and altcoins, the industry has managed to grow in terms of development and adoption–two features that could contribute to another price boom as more of the general public becomes aware of and invested in the digital asset.
Institutional and Main Street investors alike are going to look to harbor their funds in an asset that has potential to appreciate in a slumping stock and bond market.
