It is not possible for anyone to firmly judge with a formula on the price that the market will hold for Bitcoin or any other cryptocurrency for that reason. However, the market is expected to look very different this year.

A lot of narratives is going on about the Bitcoin going green, taxes, and Bitcoin ETF on Wall Street.  Will Bitcoin ETF be approved by SEC? If the approval goes through, it is going to be a revolution in the banking industry.

However, many are of the opinion that the SEC will delay its decision. And, not many of them are not very eager about the ETF.  Veteran investors do not think it to be too attractive or potentially powerful.

The SEC has stated that it will reevaluate the ETF proposals at around February 27, 2019. So, we need to be biting nails on what will be the fate of ETF. The most significant risk being that institutions might begin to influence the ecosystem.

Tyler Winklevoss and Cameron started with Gemini Trust Co., in the year 2014.  Gemini Trust Co. is a cryptocurrency exchange.

The founders have to say that the cryptocurrency market is a chaotic sector and that they need to protect the investors by following the regulatory protocol set by the regulators.  They further added that Gemini is already providing for protection from the chaotic environment of the market for its investors.

There was a full page advertisement in the New York Times which stated that “Money has a future” “Crypto Without Chaos” and “Revolution Needs Rules.”

Chris Roan, the marketing head at Gemini opined, “We do believe that cryptocurrency investors deserve similar protections like those in the more traditional markets, which is possible by following the practices, standards, regulations and compliance protocols.”

He further added that in the highly competitive cryptocurrency market there are different degrees of adherence to regulatory protocols particularly with people who are overseeing the traditional financial markets.

Gemini firmly believes that there needs to be a “bridge” that connects and corrects the old system and a new system.

The price volatility according to some analysts is a market correction. With respect to the Bitcoin ETF argument, there are arguments about the influence it might cause on the price.

In order to boost the market price, a certain degree of market manipulation takes place. According to Bakkt, when a new product is added to BTC, this will lead to increased volumes in all the markets. Financial products have been repackaged just to improve market activity. We need to see how trends evolve this year.