Categories: Bitcoin

CEO of Heisenberg Capital and StartCOIN Holdings Shares her Take on Bitcoin (BTC) ETF

Since the arrival of bitcoin (BTC), it has been striving for getting approval and acceptance of governments and countries. For mass adoption, people often consider bitcoin (BTC) ETF as one of the most influential activities, capable of making bitcoin (BTC) common and acceptable. As SEC postponed all its proceedings due to a government shutdown, crypto enthusiasts raised concerns for BTC ETF decision. Therefore, to explore some insight about the pending decision, BlockPublisher reached out to Stacy Herbert.

Stacy is the CEO of Heisenberg Capital Limited, an early investor in bitcoin and cryptocurrency related companies, and StartCoin, a project founded in 2014 for crowdfunding. She is also the co-host of Keiser Report, the first show ever to cover bitcoin (BTC) and cryptocurrency. She is one of the very early bitcoin (BTC) investors who bought BTC for about $3 in 2011. Upon asking her the impact of SEC’s decision, she stated:

I doubt they (SEC) will approve it. Yet.

While enquiring about the possible benefits resulting from approval of BTC ETF, Stacy explained:

I think it would probably be a surprise if they did approve it and so bitcoin prices would perhaps jump on the news. One never knows.

Extending the conversation, she further said:

An ETF had been priced in but I don’t think that is still the case.

With BTC ETF approaching near, people are tightening their seat belts for the detrimental decision. SEC has already delayed the decision several times so now, it has no option left except to announce the decision on 27th February. The decision of SEC is expected to influence the mass adoption. The situation of crypto space and market have not been doing good for quite long but with the approval of BTC ETF, things can change their course. Stacy does not expect BTC ETF to get approved but if it does get approved, she expects BTC’s price to rise for sure.

Fatir Malik

Electrical engineer by profession, turned into blockchain developer. Fatir contributes regularly with his insights about latest developments in fintech sector. Contact the editor at editor.opinions@blockpublisher.com

Share
Published by
Fatir Malik

Recent Posts

WEF for Data Privacy – Davos Finally Rose-Up to the Occasion

Some of the world's think tanks and ruling elite gathered last week for the 50th edition of World Economic Forum…

January 27, 2020

Cryptocurrency Exchanges For The Millennials!

Stepping into the crypto-verse can be super scary! But, its okay. We've all been there. We've all learned with time…

January 26, 2020

5 Bitcoin T-Shirts That Will Make You Want BTC Like Anything

Still don't own bitcoin? Not a problem but these bitcoin tee shirts will definitely make you own btc and simultaneously…

January 18, 2020

What Role Does Cryptocurrency Play in the Mobile Gaming Industry?

Online gaming is a multi-billion dollar global industry. It is a phenomenon in itself that brought the world of entertainment…

January 8, 2020

2020 Crypto Market Prediction – Cryptos to Watch Out For

It would be fair to say that this year has been the continuation of bear market for almost all of…

December 30, 2019

Crypto Ponzi Scheme Netted $722 Million Worth Funds

Although the crypto market is testing the patience of investors and crypto enthusiasts all over the world, crypto scams and…

December 11, 2019