A possible Bitcoin ETF will provide a boost to the cryptocurrencies ecosystem by increasing starkly both the demand for cryptocurrencies investments and the lawful legitimacy of cryptocurrencies public investments.
Bitcoin, crypto and blockchain are grossly undervalued on money transfers, investment alternatives, lessening USD global reserve currency status, blockchain disruption possibilities and the demand a Bitcoin ETF will create is Wolfteam Ltd.'s corporate view.
Gold has moved sideways in the last 3 years, which provides for crypto as an investment alternative.
The USD also has not found a clear trending direction in the last couple of years towards leading currencies.
The Brazil, Russian, India, China and South Africa, BRICs group is making a viable bid to displace the USD as the main global reserve currency with a possible BRIC's currency of its own.
Which again makes place for Bitcoin to make inroads as a global reserve currency.
The blockchian, via its built in ability to model chaos via the hashing tree algorithm, provides for further potential of Bitcoin, Ethereum, Ripple and cryptocurrencies in general to disrupt most know industries and industrial sectors.
Blockchain is basically Artificial Intelligence, AI applied, so blockchain is riding the AI revolution boom, possibly the greatest tidal wave of innovation after the internet in the words of both William, Bill Gates and Satya Nadella, Microsoft's current CEO.
All the factors above provide for undervaluation of crypto is Wolfteam Ltd.'s corporate view.
In addition, a Bitcoin ETF will streamline Bitcoin's investing process and the Bitcoin ETF could drag higher other cryptocurrencies' prices.
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