Will BitCoin Go Up or Down Friday? Feds To Decide On Cryptocurrency EFT Late Friday

If you know about Tyler and Cameron Winklevoss, (and not because of their fights with Facebook's Zuckerberg!!) then you know they are trying to get Cryptocurrency into the stock market as an EFT. If it passes you can expect more money to flow into Bitcoin, and with thata higher price, on Bitcoin and others. It might even bring credibility and bring more awareness into the blockchain and crypto field. However if it fails 5 researchers I polled are predicting the price will drop to about $6-800 or so.

New technologies like this can be volatile. But such is the case with new technologies, especially when few people even know (or can explain) what it is. Tomorrow is anybodies guess what will happen.

The Winklevoss brothers are heavily invested in crypto, running the exchange Gemini, and over 3 years ago filed with the SEC to create a bitcoin exchange traded fund. The decision by the FEDs has been delayed several times but tomorrow we hear. The ticker will be COIN.

Some experts think since the FTC's job is to protect investors that the odds are less than 50% that they will approve it. Also mentioned is that the recent rise in Bitcoin back above $1,000 was due to optimism about the EFT possibility.

i'd love to hear your guess what will happen...