Bitcoin at $60,000 as investors bet on ETF approval

[TomPluz]

Bitcoin prices continued their October surge on Friday, topping $60,000 on hopes that the Securities and Exchange Commission will soon approve a bitcoin futures exchange-traded fund.

Cryptocurrency investors were excited by a tweet from the verified account of the SEC's Office of Investor Education and Advocacy late Thursday that said, "before investing in a fund that holds Bitcoin futures contracts, make sure you carefully weigh the potential risks and benefits."
That appeared to be a tacit admission that the SEC would soon give the regulatory green light to "a fund that holds Bitcoin futures contracts."

Taken from here.


Now the mainstream media is carrying this story: the historic rise of Bitcoin almost nearing its last ATH on the basis of the expected ETF approval by the SEC. This means that once the approval can be finalized there is that chance that Bitcoin would accelerate more and who knows it can even go near the $100K mark. Now, once the expectation is proven to be wrong then there is a chance for a big correction.