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A 1.6 Billion Bitcoin Opportunity for Wall Street Exchanges detailed by a cryptocurrency report by the Bank of America Merril Lynch.
Bitcoin can no longer be ignored as more investors want exposure to the cryptocurrency. Futures Options and ETF’s are the focus points for a collaboration between Gemini Bitcoin Exchange and the Chicago Board Options Exchange – when this comes to fruition, it could put a fire under the Bitcoin price and value.
Source is here. The video detailing about this: https://www.youtube.com/watch?v=19lE3R2FzGM
Bitcoin can no longer be ignored as more investors want exposure to the cryptocurrency. Futures Options and ETF’s are the focus points for a collaboration between Gemini Bitcoin Exchange and the Chicago Board Options Exchange – when this comes to fruition, it could put a fire under the Bitcoin price and value.
Source is here. The video detailing about this: https://www.youtube.com/watch?v=19lE3R2FzGM
I am sure that this can be a big news once the project would successfully materialize. Now, it can be safely told that the Wall Street people -- although looking like so reluctant to take up Bitcoin -- are actually salivating with the idea to have a good slice of the possible profits they can take out of the Bitcoin experience. And who would not be? Remember that these guys are the very symbol of the word 'greed' and if there are people that should be called as speculators it should be them and not just us small holders of Bitcoin.
The Wall Street meets the Bitcoin! That is coming soon and there can be some rejoicing on both sides of the fence. It can be working well for cryptocurrency in general viewing it short-term...but will there be no negative effects in the long-term?