Bitcoin Racing into the Mainstream with Futures Market on Wall Street
Big bankers like Jamie Dimon are still bashing Bitcoin, calling it a do-nothing bubble bound to burst.
Despite all the noise, a massive amount of institutional money is pouring into the biggest brand name in cryptocurrency. The latest evidence?
The world’s largest exchange owner CME Group Inc. just announced it will begin trading in Bitcoin futures by early 2018. According to Bloomberg:
“The move by the world’s largest exchange owner will up the game for the software-created asset and finally bring it some regulatory cover…A functioning derivatives market could help professional traders and investors access the incredible volatility inherent in bitcoin without having to trade on unfamiliar venues that may risk anti-money laundering and know-your-customer rules.”
Whether or not Bitcoin is a bubble, it definitely seems to be heading into the mainstream and leaving naysayers like Dimon in the dust.
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.