While Bitcoin is still down nearly 50% for the year, all signs are pointing to a big resurgence in the crypto market.
- On July 12, Bloomberg reported hedge fund manager Steve Cohen—who has one of the best track records of any hedge fund manager that’s ever lived—invested in Bitcoin for the very first time.
- David Solomon was just appointed as the new chief executive of Goldman Sachs. Last month Solomon said Goldman is looking at adding further Bitcoin and cryptocurrency services.
- The world’s biggest asset manager, BlackRock, has set up a working group to investigate ways it can take advantage of the fast-growing crypto market.
- And according to a recent Thomson Reuters survey, approximately 1 in 5financial firms indicate they will begin trading cryptocurrency over the course of 2018.
And that’s just the tip of the iceberg…
Last week, the Big 4 accounting firms—Deloitte, Ernst & Young, KPMG, and PricewaterhouseCoopers—joined a trial of a blockchain service…
Mastercard announced it could allow Bitcoin transactions on credit cards…
The price of Bitcoin jumped nearly $800 in an hour last Wednesday… and it posted its biggest winning streak since it was below $3,000 per coin.
But as you know, if you’ve seen our friend Teeka’s research, he’s convinced the big turning point that is going to send Bitcoin to $65,000 all has to do with a new development that could send a flood of institutional money rushing into the space.
Not many people are paying attention to this yet.
But according to one recent report, two inside sources at the SEC and CFTC have confirmed this development is “nearly certain” to happen in September.
The first source, from the Commodities Futures Trading Commission, says, “I would call it 90% at this point.”
And a second source, a former SEC employee who left the regulator two weeks ago, said, “I would expect a positive outcome in September.”
Teeka has 100% conviction this will happen. And that it will push the price of Bitcoin to $65,000 —and a handful of smaller, lesser-known cryptocurrencies could go up far more.