One of the major online stock trading firms is expected to add Bitcoin and Ether trading in the near future. E-Trade said recently that they are getting ready to unveil cryptocurrency trading services with support for Bitcoin and Ether trading leading the way. E-Trade has about 4 to 5 million customers, so their decision to get into cryptocurrency trading is a big one. The company started trading in Bitcoin futures from CME Group last year. E-Trade won’t be the only trading firm that will be getting into crytpocurrency trading, as TD Ameritrade is reportedly testing Bitcoin and Litecoin on their trading platform.
E-Trade and TD Ameritrade Getting Ready for Crytpocurrency Trading
New York Times journalist Nathaniel Popper said that it won’t be long before E-Trade offers cryptocurrency trading. “In the wake of TD Ameritrade quietly opening Bitcoin trading for some of its customers, I was just told that eTrade is preparing to begin offering both Bitcoin and Ether trading to its 5 million or so customers and is just finalizing a third party to actually hold the coins,” Popper reported.
TD Ameritrade was in the news recently, as The Block said that the stock trading firm is experimenting with ErisX’s new crypto exchange. “Testing is a best-practice necessary for us and our customers as we build the most robust and transparent marketplace for digital assets,” an ErisX spokeswoman said recently.
If E-Trade and TD Ameritrade follow through with their intentions to offer cryptocurrency trading it will definitely increase the volume of Bitcoin trading. Bitcoin has had a good 2019 so far in terms of its price, as the price of Bitcoin has gone up in every month of 2019. There could be a downturn coming for Bitcoin in the near future, but it should be temporary, as most experts believe that the price of Bitcoin will hit $6,000 sometime later in the year.
Bitcoin Price Predictions
There is no doubt that Bitcoin is back on the way up after surrendering a lot of its value in 2018. Just how high will Bitcoin go? If you listen to some people there could be no stopping Bitcoin in coming years. Did you see what Chamath Palihapitiya predicted for the Bitcoin price? He is the co-owner of the Golden State Warriors and he said that Bitcoin will be worth $1 million by 2037. It should be noted, that at one point he did own 5% of all Bitcoin in circulation. He also said to the media that he expects Bitcoin to hit $100,000 in the next 3-4 years. “This thing has the potential to be comparable to the value of gold…This is a fantastic hedge and store of value against autocratic regimes and banking infrastructure that we know is corrosive to how the world needs to work properly”
Another person who thinks Bitcoin will hit $1 million is Wences Casares who is the founder and CEO of Xapo, a Bitcoin wallet startup. Casares is also a board member at Paypal.
Jeremy Liew believes that Bitcoin will hit half a million on price by 2030. He is a partner at Lightspeed Venture Partners and was the first investor in Snapchat. Liew has an estimated worth of more than $2 billion, so his opinions have to be respected.
The founder of Morgan Creek Capital, Mark Yusko said he thinks Bitcoin will hit $400,000. “It’s just math. It is gold equivalent…there are about 20 million Bitcoin available today. Gold today is about $8 trillion. That gives you $400,000. And that doesn’t include use cases that relate to currency,” Yusko said to the media.
One person who is predicting a bit price increase by next year for Bitcoin is Tom Lee, Co-Founder of Fundstrat Global Advisors. He said that Bitcoin will hit $91,000 by March of 2020.
While no one knows for sure what will happen to the Bitcoin price, we do know that more and more people are using Bitcoin all the time. Many top companies have incorporated Bitcoin into their businesses including marquee names like Starbucks and BookMaker. If you are looking to deposit or withdraw money at an online sportsbook then BookMaker is a great choice, as they have embraced Bitcoin as a reliable and safe deposit and withdrawal method.
Check out the latest Bitcoin options available today at BookMaker.eu and join the many people who are benefiting by using this cryptocurrency.
