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Bitcoin

Feb Won’t See a Bitcoin (BTC) ETF, According to Anthony Parker

Bitcoin’s ETF is among the hottest topics of crypto at present. SEC last pushed the decision of the VanEck’s ETF proposal to February and everyone has been waiting for February with high hopes that the market might finally escape the bear market and enter a bull run once again. The continuous plunge has given the ETF a lot of hype as it is now being considered as the light at the end of the tunnel. Analysts, however, have predicted that February might not be the month when the ETF gets approved because there are still a lot of factors relating to security that the SEC is concerned about. According to Anthony Parker, the blockchain strategist and founder of Cuberoot64, the ETF won’t be approved in February. He was also of the view that the ETF might even not be able to drive the market as much as other factors might. He stated,

Feb won’t see an ETF due to the US Gov shutdown. It won’t affect the markets as much as true adoption, a popular dapp or a central bank rolling out their own pegged crypto stable coin.

Relating to regulations, he was of the view that crypto markets should be slightly regulated, he stated,

Crypto markets should have a light regulation touch whilst still in its nascent state, but defining a globally accepted security framework this year will be on a lot of regulators minds. The FCA in the UK has offered some guidance which is commendable.

Bakkt has also been a topic of discussion among experts, almost everyone has been pretty positive relating to the future effects of Bakkt. Having a similar opinion Anthony stated,

Bakkt will be huge, but a long time coming.

Lastly, Anthony advised Hodlers to hold on to their investments, as long as they are worth it. The fundamentals of the investments should be looked into. He stated,

Hodlers may see more pain in the short term, and really need to look at the fundamentals of alt-coins. Many won’t survive this bear trend.

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Shehryar Hasan

Performing artist, guitarist and sub-editor at BlockPublisher. Shehryar is an electrical engineer and blockchain enthusiast. He holds investments in bitcoin, ethereum, OST, TRX and Ripple. Email: shehryar@blockpublisher.com or contact the editor at editor.news@blockpublisher.com

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