NYSE Goes Bitcoin! - Company To Establish A Bitcoin Exchange!
Bitcoin is getting more and more popular these days after gaining huge public exposure during the big price rally at the end of last year. Even the wall street and some big banks are starting to pick up the one thing that's meant to destroy them one day. It seems like they're just following the old saying "If you can't beat them, join them!"
While some of them try to cut down the use of the underlying asset by using paper tokens via Future trading etc., some others are luckily going to use actual Bitcoins. Just like the Intercontinental Exchange (ICE), the parent company of NYSE, which....
... reportedly plans to offer traders a swap contract that will allow customers to get their hands on Bitcoin the following day — along with the backing and stamp of approval of the exchange. This type of contract brings further legitimacy to the transaction because it puts the trading under the oversight and regulation of the Commodity Futures Trading Commission.
I personally am happy to see this movement happening as it doesn't just mean further possible price increases but rather a huge adoption of cryptocurrency after all. This will ensure that the masses finally start to trust this new asset class more and more and eventually lead to the desired revolution that'll make banks unnecessary and make them disappear.
Whatever will happen in the end, we don't know just now. But one thing we know for sure already and that's that Bitcoin or better said cryptocurrency as a whole won't go away anymore, because as soon as the big money enters a market it's not going anywhere. Whenever the big boys up there learn about a new toy that might make them some extra money they won't let it go!
The Future of Bitcoin is Bright!
Or what's your opinion on it?
( Source - Fortune.com )
A Crypto Startup Revolutionizing Steem! |
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This is another example of Bitcoin’s infrastructure growing exponentially. This is one of the reasons why bitcoin will stay king of all cryptocurrencies imo.
Indeed.. future is bright!
Another Bitcoin Exchange seems to be coming! I hope if they really would do it, they make it user-friendly and with good features not offered by other exchanges.
It'll be one with full kyc etc as it's going to be run by a reputable finance company.
Finally people , experts, leading bank (except for few), and different financial institution and stock exchanges are all accepting the value of Bitcoin
This is good thanks for everything
Beware of your great effort to advance my community
bitcoin is king
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You know many have predicted 1 million plus per Bitcoin (I hope they are correct) and it may seem so out of touch in today's world. But as we progress it is rapidly becoming apparent that it will be true and in our lifetimes.
Every morning something really new, huge and previously unfathomable becomes closer in reality.
I'm honest with you, I believe that btc will reach new highs in the long run but I somehow guess that we won't see 1 Million as they will dilute btc with paper tokens...
This is interesting because I think it opens up a lot more institutional money into crpyto but also allows for more formalized shorting of crypto. Maybe not a bad thing since it allows for some of the garbage alt coins to finally drop off a bit and disentangles some crypto movements...
Once one of the main stock exchanges get involved all hell is going to break loose (in a good way). People are seriously underestimating the magnitude of Wall Street money entering the market and the multiplier effect it will have on the global crypto market.
only in case they'll trade real btc though...
I really respect this breakdown of cryptocurrencies, I have done a similar breakdown but from a slightly more humour based point of view, please feel free to read it, and laugh :-)
https://steemit.com/funny/@georgemason/the-number-1-reason-you-aren-t-getting-rich-from-bitcoin
Upvoted :-)