Bitcoin dominance going above 60% - BTC ETF coming in 2018!
Updated
- Bitcoin dominance is currently at 47.8% (August 4, 2018).
- Dominance will go above 60% or even 65% by the time the Bitcoin ETF is launched.
- Bitcoin ETF will be announced in 2018 (maybe VanEck & SolidX ETF in August or September).
- Bitcoin ETF will be launched late 2018 or early 2019.
- Bitcoin ETF will come before Ethereum Futures.
- When SEC accepts ETF, the herd’s money will flow into BTC first (Altcoin season to start after).
- If SEC refuses VanEck, SolidX ETF, BTC will go down but Altcoins will suffer more.
- Bitcoin ETF will be more significant for price than the Bitcoin Futures.
- Before Altcoin season starts, expect rapid increase in BTC dominance similar to Dec 5 to 7, 2017 (55% to 66%).
- Altcoin season might start just before Bitcoin ETF is actually launched. (That’s what happened for Bitcoin Futures - Dec 7, 2017).
- Dec 7, 2017 to Jan 10, 2018 was the crazy Altcoin bull season. BTC dominance went from 66% to 33%.
- CBOE Bitcoin Futures were announced August 2, 2017.
- CME Bitcoin Futures were announced October 31, 2017.
- CBOE Futures launched Dec 10, 2017.
- CME Futures launched Dec 17, 2017.
- Bitcoin highest dominance in last year = 67% on Dec 7, 2017.
- Bitcoin highest value = 20,035 USD on Dec 17, 2017.
- Public learned about VanEck & SolidX ETF filing on June 6, 2018.
- See dates on BTC dominance chart = https://ibb.co/bPvkBK
These are just my opinions and not financial advice! Duh!
What’s your opinion? How high will the Bitcoin dominance go?
Sources:
- coinmarketcap.com/currencies/bitcoin/
- coinmarketcap.com/charts/
- reuters.com/article/us-bitcoin-futures-contracts/cboe-cme-to-launch-bitcoin-futures-contracts-idUSKBN1E10KC
- cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html
- cnbc.com/2017/08/02/cboe-bitcoin-futures-winklevoss-brothers-digital-currency-exchange.html
- bloomberg.com/news/articles/2018-06-06/bitcoin-etf-dreams-kept-alive-with-new-solidx-vaneck-sec-filing
- Dominance will go above 60% or even 65% by the time the Bitcoin ETF is launched.
- Bitcoin ETF will be announced in 2018 (maybe VanEck & SolidX ETF in August or September).
- Bitcoin ETF will be launched late 2018 or early 2019.
- Bitcoin ETF will come before Ethereum Futures.
- When SEC accepts ETF, the herd’s money will flow into BTC first (Altcoin season to start after).
- If SEC refuses VanEck, SolidX ETF, BTC will go down but Altcoins will suffer more.
- Bitcoin ETF will be more significant for price than the Bitcoin Futures.
- Before Altcoin season starts, expect rapid increase in BTC dominance similar to Dec 5 to 7, 2017 (55% to 66%).
- Altcoin season might start just before Bitcoin ETF is actually launched. (That’s what happened for Bitcoin Futures - Dec 7, 2017).
- Dec 7, 2017 to Jan 10, 2018 was the crazy Altcoin bull season. BTC dominance went from 66% to 33%.
- CBOE Bitcoin Futures were announced August 2, 2017.
- CME Bitcoin Futures were announced October 31, 2017.
- CBOE Futures launched Dec 10, 2017.
- CME Futures launched Dec 17, 2017.
- Bitcoin highest dominance in last year = 67% on Dec 7, 2017.
- Bitcoin highest value = 20,035 USD on Dec 17, 2017.
- Public learned about VanEck & SolidX ETF filing on June 6, 2018.
- See dates on BTC dominance chart = https://ibb.co/bPvkBK
These are just my opinions and not financial advice! Duh!
What’s your opinion? How high will the Bitcoin dominance go?
Sources:
- coinmarketcap.com/currencies/bitcoin/
- coinmarketcap.com/charts/
- reuters.com/article/us-bitcoin-futures-contracts/cboe-cme-to-launch-bitcoin-futures-contracts-idUSKBN1E10KC
- cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html
- cnbc.com/2017/08/02/cboe-bitcoin-futures-winklevoss-brothers-digital-currency-exchange.html
- bloomberg.com/news/articles/2018-06-06/bitcoin-etf-dreams-kept-alive-with-new-solidx-vaneck-sec-filing
Note
See dates on #BTC dominance chart = ibb.co/bPvkBK
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