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    April Fool’s Bitcoin

    April Fool’s Bitcoin

    Anthony Cuthbertson for Independent UK

    Tuesday 02 April 2019 17:29 BST

    Bitcoin’s sudden and unexpected price rise may have accidentally been spurred on by an April Fool’s joke, analysts have speculated.

    An article published on 1 April by online cryptocurrency publication Finance Magnates claimed the US Securities and Exchange Commission had made the monumental decision to approve a bitcoin-based exchange traded fund (ETF).

    Such a decision by the SEC would be seen by bitcoin investors as hugely positive for the cryptocurrency – the world’s first ETF backed by gold caused a 300 per cent rise in value for the commodity – however the US regulator has consistently failed to make a ruling on the ETF.

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