SEC chairman Gary Gensler said bitcoin is used for illegal activities including money laundering and terrorist financing.Credit:AP
Chief technology officer at CloudTech Group’s UB division,Robert Waugh,is predicting a swing into a bull market given the approval.
Waugh reckons with the market growing more confident and more money flowing into the market,it could mean we can see Australians start putting their super into crypto.
Evan Metcalf,chief executive of Global X ETFs in Australia,is another who believes crypto has now come of age.
“The SEC’s approval affirms the maturation of the cryptocurrency space,strengthening its position as a legitimate and promising avenue for investors,” Metcalf said.
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“This decision aligns with our vision of broader global acceptance of digital assets and addresses the escalating demand for investment opportunities in the cryptocurrency sector.”
Nigel Green of deVere Group,predicts the SEC’s decision “could send prices skyrocketing in the longer-term with BTC prices perhaps hitting $60,000 this quarter”.
The wild ride,it seems,will continue.