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

Cryptocurrency,Trezor,Updates,Wallets

Trezor Explain Why You Should Use Their New Buy Service

Cryptocurrency wallet, Trezor have launched a new buy service on their platform and have detailed how it can benefit you. The new service will simultaneously help traders whether they are looking to hodl, invest, build your portfolio, or send money abroad directly via the service. To make sure you know exactly why you should use […]

13 November, 2019
Blockchain,CoinEx,Decentralised,Updates

CoinEx Chain Mainnet Goes Live Alongside New CoinEx DEX

CoinEx’s own native chain, the CoinEx Chain officially went live yesterday afternoon. The launch of the mainnet was 7 months in the making but it is now up and running, following a series of tests and a tour of Asia. During these tours, they spread the word of their native public chain and simultaneously attempted […]

12 November, 2019
CEX,Giveaway,Promotion

CEX Announce Creativity Awards For Users

To celebrate their 6th year of operation, CEX.io are giving users the chance to win prizes by sharing their creativity with the platform. This event will see them reward their users for the loyalty they have shown over their history simply for sharing their creative prowess with the exchange. The concept is quite simple – […]

11 November, 2019
DeversiFi,Exchange Platforms,Updates

DeversiFi Reveal First Month Performance Report

DeversiFi, the re-brand of popular platform Ethfinex, yesterday revealed the details of their first-month operations in their new format. Already the new-look platform has set about making its presence known in the world of cryptocurrency and blockchain. At the end of September, they assisted an EU commission that focuses on digital asset regulation, before last […]

10 November, 2019
Closure,Decentralised,DX.Exchange

DX.Exchange Have Closed “Temporarily”

DX.Exchange has closed its door as they attempt to find a “merger or outright sell of the company”. The news will come as a surprise to some as it has seemed all systems go for their native DXCASH and Turbo Token. However, this has seemingly not taken off in the way they had expected as […]

9 November, 2019
Changelly,Giveaway,Promotion

NEXO Giveaway Now Live at Changelly

Users will be able to benefit from a new giveaway at Changelly where they can win their share of 15,000 NEX. The two firms have been partners for some time. With Changelly’s low commission fee rates and NEXOs low interests combined making for a very price friendly trading experience when then the pair are used […]

9 November, 2019
Event

AIBC Summit Malta – Autumn Edition: Day 2

After what was undoubtedly a fantastic first day from the third edition of the AIBC Summit in Malta, our team at Cryptimi was all geared up for yet another eventful and insightful day. Just like the first day, we were literally spoilt for choice. So, we huddled up and came up with a practical game […]

8 November, 2019
Exmo,EXMO Coin,IEO,Promotion

EXMO Announce Series of Details about EXM IEO Third Round

The third and final IEO round for EXMO’s native coin, EXMO Coin (EXM) is scheduled for next Wednesday. In anticipation of this, the platform has announced important details about how and where you can get involved, as well as new incentives to do so. As previously reported, EXM is ready for its final IEO round […]

8 November, 2019