Topic: Massive Hedge Fund Likely to Begin Trading Bitcoin (Read 159 times)
So bitcoin seems to gradually become an investment instrument for big players. Not an unexpected development and, from my point of view, a good one. The price will rise.
https://www.reuters.com/article/us-investment-summit-man-group/man-group-says-bitcoin-futures-would-draw-it-toward-cryptocurrencies-idUSKBN1DE232
Quote
British hedge fund firm Man Group (EMG.L) will add cryptocurrencies to its investment universe if the Chicago Mercantile Exchange launches a bitcoin futures contract as planned, CEO Luke Ellis told Reuters on Tuesday.
Speaking at the Reuters Global Investment Outlook Summit in London, Ellis said there are a number of challenges with cryptocurrencies but that doesn’t mean they’re not investable.
“Conceptually digital currencies are an interesting thing,” he said. “It’s not part of our investment universe today – it could be. If there is a CME future on bitcoin, it would be.”
Futures market operator CME Group announced on Oct. 31 it would launch bitcoin futures in the fourth quarter.
Speaking at the Reuters Global Investment Outlook Summit in London, Ellis said there are a number of challenges with cryptocurrencies but that doesn’t mean they’re not investable.
“Conceptually digital currencies are an interesting thing,” he said. “It’s not part of our investment universe today – it could be. If there is a CME future on bitcoin, it would be.”
Futures market operator CME Group announced on Oct. 31 it would launch bitcoin futures in the fourth quarter.
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