Crypto Gurus: Bitcoin investments, crypto domination and ETF

Crypto Gurus: Bitcoin investments, crypto domination and ETF

Three well known analysts and personalities talked about the crypto market this week as they were offering their vision about three aspects of the blockchain and digital currencies world.

Mohamed El-Erian, Brian Kelly and SEC’s chief Jay Clayton talked about blockchain dominance, cryptos recent rollercoaster and investments, and Bitcoin regulation and ETFs.

Cryptos will gain even more popularity, but it will not be dominant

Famous analyst and Allianz chief economic adviser Mohamed El-Erian believes that cryptocurrencies will gain popularity in the years to come, but it will not be the standard asset.

In a conference in New York, El-Erian said he thinks “cryptocurrencies will exist and will become more and more widespread, but they will be part of an ecosystem,” not the system itself.

“They will not be dominant as a lot of the early adopters believe they will be,” El-Erian highlighted.

The analyst considers that the great recession paved the way for the irruption of cryptocurrencies as people lost their confidence in the financial system, so they started to look for different options to store their capitals.

“I do not think we would be up here on stage today if there had there not been a shock to the trust in the way the economy works,” said El-Erian. He also commented the cryptos industry is still an immature market. “It is just finding its place in the ecosystem.”

Cryptocurrencies should be part of an investor’s portfolio

“Bitcoin last two-year rollercoaster is similar of what the crypto king performed in the periods 2010-2012 and 2012-14, “a very, very similar move. We saw a huge run-up, just like what we saw this time last year, and then a sell-off again, and it repeated again,” said Analyst Brian Kelly in an interview to CNBC’s Power Lunch.

Kelly, Founder and Managing member of Brian Kelly Capital and CNBC Contributor commented that current Bitcoin situation is very similar of previous runs and falls, “it doesn’t feel very good, but people need to remind themselves, that this is the most risky thing you can do with your money, it’s cutting-edge technology, and it would be extremely volatile.”

According to Kelly, the pessimism today is a mirror image of the euphoria of last year. “Bitcoin should be at least a small part of an investor’s portfolio,” says Kelly. Investors should understand that these volatile assets must be sized correctly in their portfolio. “One to five per cent of institutional portfolios are going to this kind of assets class.”

SEC wants better surveillance and custody for cryptocurrencies before ETFs

SEC Chairman Jay Clayton wants to see more control and monitoring into the cryptocurrencies industry before approving a Bitcoin ETF as he said at CoinDesk’s Consensus Invest conference in New York.

It seems the first ever bitcoin exchange-traded fund will have to wait until the SEC finishes most of their investigations and regulatory framework as SEC chairman Clayton said the crypto market needs more surveillance and monitoring tools like the ones used in stocks, before having the ETF approval.

“What investors expect is that trading in the commodity that underlies that ETF makes sense and is free from the risk of manipulation,” Clayton said. “It is an issue that needs to be addressed before I would be comfortable.”

Recently Similar News

cex-promotion exmo-promotion

Latest Guides

Latest News

Binance,Binance USA,Launch,USA

Binance USA Opens It Doors To Traders

After months of build-up and uncertainty, Binance USA has officially opened its doors and is ready for users to sign up and enjoy their service. The news of its launch comes not a second too soon for traders, after the international platform closed its doors to US traders last week, following an update to its […]

19 September, 2019
Exmo,EXMO Coin,IEO,Updates

Exmo Announce IEO And Request Beta Testing Volunteers

After a fairly quiet period from Exmo, it is now clear to see why as today, they have announced details of a new IEO and a request for volunteers for stop order beta testing on September 26, 2019. The Summer months were busy for the Exmo team. July saw the announcement of a new partnership […]

18 September, 2019
Commission,Exmo,Payment Solution,Updates

Exmo Announce Commission Changes for AdvCash

Every now and then, we hear news from exchange platform Exmo about updates to their payment provider charges. This time they have made some updates to the commission on deposit and withdrawals for the payment service AdvCash. The largest exchange platform in Eastern Europe announced the news via a blog uploaded earlier today, so if […]

17 September, 2019
Exchange Platforms,KuCoin,Law,Listings

KuCoin Delist 5 Projects from their Exchange

As part of their Special Treatment Rule, KuCoin will be delisting a selection of crypto projects from their platform. The Special Treatment (ST) process sees certain coins remove from the platform due to being deemed to have negative or risky qualities associated with them. These qualities can range from the project not providing appropriate information […]

17 September, 2019
Appointment,BitPanda,Exchange Platforms,Updates

BitPanda Welcome New Chief Financial Officer

BitPanda has had an internal shake around and appointed Peter Grausgruber as their new chief financial offer. The news of the appointment was made earlier on their website, where the new man himself explained, “The focus of my career is to help companies grow”. Something he states will be at the head of his priorities […]

16 September, 2019
Binance,Binance Launchpad,Giveaway,Token Sale

Band Lottery Promo Available Now on Binance

Binance has announced a new lottery to users where they can win a $300 worth of tokens each! As we announced last week, the 9th Launchpad project from Binance of the year was confirmed by the exchange platform to be the Band Protocol. This had raised $3 million in seed investments from 3 different lead […]

16 September, 2019
Derivative Trading,eToro,Exchange Platforms,Updates

eToro Unveil New Programming Language To Assist Derivative Trading

The derivative trading platform, eToro has released a new programming language known as Lira, which aims to help simplify the process of for those who trade derivatives. It has been stated that Lira should help reduce risks involved in settling contracts and the creation of new derivative products from assets that are built on the […]

16 September, 2019
CoolWallet,Promotion,Wallets

For a Limited Time, You Can Get a Personalised CoolWallet S

Fancy getting yourself a Coolwallet with a personal touch? Then head over to  CoolWallet now and get yourself a customised wallet for you to store your crypto with your name on it. These new customised CoolWallet S cards are offered in a bid to make cryptocurrency investment more attractive to their users. And of course, […]

15 September, 2019