Bitcoin Hits All-Time High. $5,000 in Sight With Anticipation of Institutional Investment
Bitcoin soars to $3,462 just six days after its split with Bitcoin Cash. This is just the beginning, however, as regulations will soon allow the influx of institutional cash into the $120.7 billion digital currency market. The U.S. Commodity Futures Trading Commission (CFTC) approved Ledgerx, the first federally-regulated Bitcoin options exchange. The CBOE also plans to launch Bitcoin futures.
KAILUA, Hawaii, August 8, 2017 (Newswire.com) - It is now unequivocal. Bitcoin is taking off. Just six days after its split with Bitcoin Cash on August 1, Bitcoin hit an all-time high above $3,462. Skeptics who did not invest in 2016 or 2017 are now looking at their friends who did invest with envy. Shane Shields, co-founder of Blockweather Holdings, LLC, bought his wife a sleek, silver Mercedes this year just from his profits from personal digital currency trading. His colleagues refer to it as his "Bitcoin car."
But Bitcoin will not stop at $3,462. Future projections from experts range from $5,000 to $100,000 per Bitcoin. It does not matter as much what the top future value of Bitcoin will be. The point is that it will be higher than it is today, which is an excellent reason to invest.
There is no investment without risk, and there is no reward without investment. Research, decide, and invest.
David E. Henry, M.D., Co-Founder and Managing Partner
Bitcoin and other digital currencies for years have vastly outperformed the S&P 500, stocks, bonds, traditional mutual funds, real estate, and nearly all other asset classes. Thousands of digital currency millionaires have been made.
Initial coin offerings (ICOs) - the cryptocurrency equivalents of initial public offerings (IPOs) - have played a major role in the rise of digital currencies to the masses this year. Blockchain startups have raised $1.3 billion (that's billion with a 'B') this year alone, far surpassing investments this year from venture capitalists.
The good news is that the global digital currency market is now at the earliest stage of the mass adoption curve. Digital currencies have been adopted and endorsed by giants such as Microsoft, Goldman Sachs, AIG, Deloitte, the U.S. government, U.S. Navy, IBM, and thousands of others. Such reputable support has paved the way for mass adoption. And of course, influx of cash = increased demand = increased prices, which has pushed Bitcoin to its current all-time high.
Two recent announcements, however, indicate the institutional investment (big money) is about the pour into the market within the next several months.
#1.) The U.S. Commodity Futures Trading Commission (CFTC) announced that it has approved Ledgerx, the first federally-regulated Bitcoin options exchange and clearinghouse.
#2.) The Chicago Board Options Exchange (CBOE) and Gemini Trust - founded by Cameron and Tyler Winklevoss - plan to launch Bitcoin futures by late 2017 to early 2018.
A booming market creates opportunities for entrepreneurship, however prospective investors often have difficulty sifting through the weeds of questionable startups to identify the rose companies that are worthy of their attention.
In 2016, Blockweather Holdings, LLC emerged and quickly became a respected leader in digital currency investment. As a private equity firm and digital currency hedge fund, Blockweather conducts business operations and customer service with the same levels of diligence, responsibility, integrity, ethics, and honesty as would be expected and required of any traditional investment firm.
With its trading headquarters located in Hawaii - equidistant from the finance meccas of Hong Kong and New York - Blockweather has collaborated with Asian and North American leaders in blockchain innovation and with ICO and pre-ICO investment.
Blockweather offers private and institutional investors managed accounts and three digital currency mutual funds: Blockweather Quantum Aggressive Growth Fund; Blockweather Moderate Allocation Fund; and Blockweather Strategic Growth Fund - each of which has shown respectable returns each month.
Blockweather saves its clients thousands of hours of time by conducting all of the market research, digital currency chart analysis, execution of trades, monitoring of positions, and collaboration with other experts.
Investing now - before the massive influx of institutional money into the market - will provide the greatest opportunities for returns.
Call a Blockweather account manager today at (844)644-6837 (844-64-INVEST) to discuss investment opportunities, email at info@blockweather.com, or visit their website: www.blockweather.com.
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