On March 11, the much awaited Winklevoss twins Bitcoin ETF decision will finally be announced by the SEC.South African serial Internet entrepreneur Vinny Lingham posted on Twitter that within 48-hours of the ETF announcement, on the downside, the Bitcoin price will be $850.However, he holds Bitcoin price will be $1,750 maximum (probably $1,500) on the upside.With just a day for the SEC to make an announcement on the Bitcoin ETF, the community is divided between whether it will pass or not.Experts and analysts including Lingham perceive the chances of either decision as 50/50.On Wednesday Cointelegraph reported that so far 72 percent of the public are in favor of the ETF.When it comes to forecasting Bitcoin price, Lingham has a distinguished reputation and is famously known for accurately predicting Bitcoin price adjustments.He is very shrewd with factors that hold it up, sideways and down, and outside events changing the supply/demand curve for Bitcoin.In 2013, before Bitcoin reached its first ever all-time high price, the African entrepreneur prognosticated it would reach over $1,000.

Truly, the community saw Bitcoin rising to $1,255.Also, in the first quarter of 2016, Lingham predicted the $400 mark for at least the next quarter when the price was hovering around $100.This once again came to pass.Fast forward to Dec.11, 2016, he foretold that if the price exceeded the $800 mark, it will go straight to $900, and interestingly by Dec.23 Bitcoin was being sold at $911.In addition, Lingham tweeted in November 2016 that the demonetization in India would push the price up to $1,000 by the end of the year.Just as he articulated, the price reached $1,000 on New Year's Eve.In early January this year, when there were fears, uncertainty and doubts concerning a Bitcoin bubble, the Civic CEO boldly told Cointelegraph that there won't be a bubble unless price grows over $2,000 by March.After this analysis, he again said Bitcoin price would resist the $1,300 mark.Obviously, the community has witnessed how, for the past month, Bitcoin has been struggling to reach that mark without succeeding.

Nevertheless, we are now witnessing one more prediction from the Cape Town boy who sojourns in California.This is the $3,000 per Bitcoin he believes will come to light by the end of 2017.The plot is thickening, as we are left with just a day to know the outcome of the ETF that many experts believe will significantly affect the Bitcoin price if passed.bitcoin paper wallet passwordWhen Cointelegraph asked the legend concerning the Bitcoin price prediction and what informed his current analysis based on the ETF announcement, he simply said it was just his gut.black hat bitcoin miningThe euphoria, uncertainty and fear surrounding this transit have never before been witnessed in the community.litecoin pool 0 fee

March 11, 2017, will definitely be one of the landmarks in the history of Bitcoin.Cointelegraph, therefore, wishes the community all the best.What will SEC decide regarding the Winklevoss twins Bitcoin ETF?— Cointelegraph (@Cointelegraph) March 10, 2017The much-anticipated bitcoin ETF, which has been going through the bureaucratic process for now more than three years, will likely be rejected according to a Bitmex prediction contract launched almost two weeks ago.litecoin transaction chartSince its listing, the market has always given Winklevoss’ ETF a less than 50% chance, usually standing at around 40% for much of the past week, falling to as low as 18% yesterday.bitcoin las vegas conferenceThere were suggestions its sharp drop was due to a bug, but Greg Dwyer, Business Development Manager at BitMEX, told CCN: “There have been no bugs with the ETF prediction market and it is operating exactly as intended.gagner du bitcoin

It is currently trading in a range between 24 – 37%.That is, the price represents the probability of the ETF being approved by the SEC come March 11.” Spencer Bogart, Vice President of Equity Research for Needham & Co, gave the ETF only a 25% chance of approval.The main reason appears to be due to bitcoin’s volatile nature, but stock markets have previously crashed, some company stocks have instantly become worthless and some have instantly jumped in price.store bitcoin wallet on usbFurthermore, Kevin Lu, a hedge fund analyst, describes in a detailed article for Seeking Alpha how “Bitcoin is a unique, uncorrelated asset class… and that makes bitcoin extremely desirable from a portfolio construction perspective.” The SEC’s thinking on the matter is not quite clear.bitcoin vegas conferenceWe have reached out for comments, but have received no response in time for publishing.bitcoin etf cnbc

SEC personnel has just changed or is in the process of changing.As such, the decision might be made in somewhat chaotic circumstances with the new personnel potentially not fully up to speed on the fairly complicated matter.To illustrate, SEC’s page still lists the old chair, but President Trump has chosen a new nominee, Walter J. Clayton, described by the New York Times as “the Wall Street Lawyer” and as “the insider’s insider.” It further states: “He had a front-row seat to the financial crisis, advising Barclays Capital in buying the assets of the bankrupt Lehman Brothers in 2008 and Bear Stearns in its fire sale to JPMorgan Chase in 2007.He has advised on mergers and initial public offerings, including the biggest ever, the $25 billion offering by Alibaba Group of China in 2013.” Whether that experience makes him more favorable to bitcoin or more against it, remains to be seen, but the new administration does have some bitcoin supporters in its cabinet and emphasizes de-regulation with the aim of fostering economic growth.

However, Clayton himself, a law graduate, has not previously made any comments on bitcoin.He will soon be familiar with the digital currency, if he is not already, and will most probably be a very influential figure in this space.The ETF decision, whether approved or rejected, will have considerable implications.Equally, and perhaps more importantly, he might eventually want to give some sort of guidelines on the currently booming ICO markets.Finally, the new administration might wish to allow margins and futures trading on regulated exchanges such as Coinbase and Gemini for its refusal by inaction so far has forced many to use somewhat shady and seemingly amateurish exchanges which has led to losses, opening the relevant agencies to criticism for failing to protect the public and worse, for indirectly causing the losses.Whether they will take any such action is too early to say, but we might soon get a glimpse of the new administration’s approach towards digital currencies, the blockchain space and, more widely, the Fintech industry.