A Bitcoin ETF is ‘Virtually Certain’, Only Matter of time for SEC Approval: Wall Street Advisor

The prospect of a Bitcoin ETF is ‘virtually certain’ according to finance manager Ric Edelman, who is confident that either VanEck or Bitwise will satisfy the demands of the SEC. The founder of Edelman Financial Engines told CNBC’s Bob Pisani on Monday’s ETF Edge: “It’s virtually certain. The only question is when. And I don’t know how soon it will the happen; the SEC has several legitimate thoughtful concerns that the industry has to overcome, and I’m confident that they will, and eventually we will see a bitcoin ETF. And it’s at that stage that I will be much more

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“Billionaires are quickly realizing that it is time to rotate out of assets which can easily be plundered by the populist mob, into an asset which is much, much harder to seize – bitcoin.”

The Federal Reserve’s recent decision to halt plans for rate hikes may be just one indicator of a downturn in the global markets. The Fed has already indicated it’s taking a “wait and see” position on the economy before raising rates and cutting back the US money supply. And across the world, recent developments in the financial sector may have proved the Fed’s caution to be the right move.

Pierre Rochard is a New York-based Bitcoin advisor to institutional investors, and says the world’s largest cryptocurrency has key advantages that make it an attractive asset class for the uber rich.

"Billionaires are quickly realizing that it is time to rotate out of assets which can easily be plundered by the populist mob, into an asset which is much, much harder to seize – bitcoin."

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Exclusive: Markets Will Take Time to Digest 2018 ‘Crypto Meltdown’, Says Former Morgan Stanley MD

By CCN.com: Patrick Springer spent 20 years working for Morgan Stanley as an investment specialist. Specifically, his job was to help institutional investors make informed decisions in global equity markets. Now, despite the bitcoin market meltdown, he’s flung himself headlong into crypto becoming an advisor for Polybird Exchange. Why? Because “it’s important for people to challenge

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