703: $100K BITCOIN EARLY AS NEXT MONTH SAYS BLOOMBERG ANALYST AS GOLD INVESTORS MOVE TO BTC AND ETHEREUM!

<p>Gold is experiencing outflows as investors embrace cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH), according to Bloomberg commodity strategist Mike McGlone.</p> <p>The commodity strategist predicts a $100K BTC price as early as October as a result of a futures-based Bitcoin exchange-traded fund (ETF), a financial product that provides exposure to the flagship cryptocurrency via derivatives, could be launched by the end of next month.</p> <p><em>“… potentially by the end of October. But [as] a futures-based ETF, kind of the way you track most commodities. … So it’s just a matter of time.</em></p> <p><em>[U.S. Securities and Exchange Commission chair Gary] Gensler even hinted at that. It’d be a nice little baby step for the SEC. So it makes sense.”</em></p> <p><span style= "font-family: -apple-system, BlinkMacSystemFont, 'Segoe UI', Roboto, Oxygen, Ubuntu, Cantarell, 'Open Sans', 'Helvetica Neue', sans-serif;"> For complete show notes and for the full premium experience with video, visit our YouTube channel at <a href= "http://cryptonewsalerts.net">http://CryptoNewsAlerts.net</a></span></p>