Brian Kelly, CNBC's crypto expert and entrepreneur, believes that Bitcoin ETF approval in 2019 should not be counted on.

Will Bitcoin ETF Launch In 2019?
In an interview with Cointelegraph representatives at the Crypto Finance conference in Switzerland, Brian Kelly, looking at the overall situation in the crypto market, predicts that 2019 will be better for the crypto industry than 2018. Kelly said that “we are already quite close to the end of the bearish trend,” but another deep collapse would not surprise the analyst.

Brian Kelly's prediction for 2019
Talking about what to expect from 2019, Kelly noted:

“Probably, in 2019, all attention will be on the cryptocurrencies Bitcoin, Litecoin and some others, since there is currently a fairly strong geopolitical tension in the world. We see big global players using Bitcoin as an alternative to gold or as a hedging tool when it comes to volatility in fiat currencies. "

Bitcoin will become more widespread among traditional investors in 2019, according to Kelly. However, the analyst believes that in 2019 there is no chance that the regulator will approve the long-awaited launch of the Bitcoin-ETF. During 2018, the US Securities and Exchange Commission (SEC) received several applications for Bitcoin-ETFs from various financial players, including the Winklevoss twins - so far, none of them have been approved. Kelly believes that the SEC is unlikely to change its mind in the near future, since certain problems remain unresolved for the regulator related to the appearance of this product on the market. According to the analyst, it will take more than a year to resolve the current difficulties.

Kelly predicts a crisis
The analyst predicts that in the coming years the world will face a new recession, after which a new financial crisis will begin. The nature of the crisis, according to Kelly, will be different from what we have already seen - it is assumed that it will open up a lot of opportunities for cryptocurrencies, as a result of which digital currency can become a real alternative to fiat currencies.