After the ETF Bitcoin rejected by regulators from the SEC, many of the digital currency investors to keep waiting for this asset's debut on Wall Street.
However, how long does Bitcoin will go to Wall Street? And whether this will become mainstream Bitcoin on the market later?
As swept up in the SEC decision, many industries that affirms that refusal as an insult or accusation. They argue that the market is not yet mature, then bitcoin products that have yet to be offered to retail investors for now.
True the SEC is an agency that makes sure that the investors should be protected, analysts stressed that investors and consumers should be given the protection of ecosystem in the bitcoin.
"The SEC argued that market bitcoin has no structural protection and control that are necessary to support the product ETFS."
"The nightmare scenario of the SEC if they approve the ETF Bitcoin, a flood of money and then there will be again a huge hack incident where millions of Bitcoin will be stolen or something going on in one of the exchanges of the Chinese market," Markt. Williams, a professor at the business school of Boston University and a former bank examiner at the Federal Reserve.
Solo Career
Given the rapid rebound in the price of the bitcoin following the announcement of the ETF on Friday yesterday, another question regarding approval of the Bitcoin on Wall Street will eventually become an important role for the legitimacy of the bitcoin later on.
Die Greenspan, a senior market analyst at eToro, voiced the same sentiment aboutmarket bitcoin, stating his belief that the cryptocurrencies don't need SEC approvalto gain legitimacy.
"Despite the volatile time of announcement of the bitcoin ETF bitcoin from SEC broadcast, to bounce rates this Bitcoin shows an improvement of confidence against these assets," he said.
Observers believe that success in this operation could potentially be the bridge to a better Bitcoin again for the public.
After The ETF Is Denied, What Will Then Be Done Bitcoin?