Guangdong Sheng, China – July 30, 2018 – Sentiments around crypto-currencies have improved in the last few weeks, despite a mix of good and bad news. The current price range of over $8000 is the first time Bitcoin has breached the $8K mark since the middle of May. For investors, this is the time to keep a keen eye on regulatory announcements and new developments, according to LM Waterhouse.
Helping Bitcoin out of rough waters is the expectation that the bitcoin ETF is nearing approval. Some reports suggest that SEC and the CFTC are considering making a decision sometime in August. If approved, the Bitcoin ETF will allow investors to buy the digital currency with safety, rather than relying on untrustworthy exchanges.
Other positive events helping the crypto investors include more positive regulatory news, and reports that some big financial entities are mulling over entering the crypto-currency world. The fear that cryptocurrencies are a threat to the global financial order have also calmed down a bit as a report from the Financial Stability Board did not find it so. This will further influence global regulators to take positive steps.
LM Waterhouse helps global multinationals, prominent mid-sized companies and leading private equity firms to build and reposition their businesses through mergers and acquisitions, business sales / divestitures and strategic alliances. With a seasoned team of highly skilled professionals from leading global investment banks, we offer world-class investment advice and a proven track record of successfully originating, negotiating, structuring and closing complex transactions.
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