Everyone Panic? Analyst Predicts Bitcoin ETF Rejection Due to ‘FUD’
An analyst has said there is very low probability that the Winklevoss brothers’ Bitcoin ETF will be approved in 2017 - due to “fear, uncertainty and doubt.” It is probably the first time that an official statement has used FUD as a reason to give Bitcoin a vote of no confidence. FUD means 25 percent approval chance. In a research note republished in a speculative article on CNBC, Needham’s Spencer Bogart stated that “in contrast to most of the people that we speak to in the industry, we think the probability that a Bitcoin ETF will be approved in 2017 is very low.” The note continues: “To....
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