The infrastructure keeps growing. Bakkt is launching bitcoin futures that are settled in btc next week.
And now CME announced that they are launching options on Bitcoin.
This is good news and further cements the leading position of bitcoin. It also adds more rails for users to buy into the space.
Good shit!
That is definitely a two-edged sword. Surely it will bring more control over the market, more confidence from the third parties. But as we saw yesterday from the price point of view, there is nobody who can bring bitcoin to the moon and especially not some financial instruments. We need to be patient and with these steps of big organizations and institutional investors, we are much closer to the understanding of more and more people.
Goes to make bitcoin stronger and a leader. Would be hard for anything to overcome it
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That is good news indeed.
Now we just need some movement on the Alt coin front.
I think this is a good move into the mainstream where people who are not currently into crypto can get their feet wet.
But I also believe that btc is the dinosaur that brought attention, and will not be able to keep up with the times. Like the situation with IBM later getting killed off by apple and microsoft. The big guy got the people to use computers and want them. The little guys had superior tech and won the long game.
I am not an investor, but I do move crypto money at times.
BTC is a clunky, expensive mess. I takes hours to get my cash moved with them. Here in SE Asia and I think in a lot of Asia proper, people use BCH instead now. This is somehow involved with China. People in that country rarely use of even see cash now. They are all using BCH to pay for everything with their phones and call it bitcoin. When they come to places like Malaysia where I am, they are surprised we still use cash and do not bring enough of it themselves.
LTC is my most preferred - cheap fees and sometimes the money is already there by the time I login to my exchange.
Second is DASH for me. Also fast, but not quite as reliable as ltc
The mainstream is 95% users and 5% investors. When those users get here they will want to USE the money and BTC is a big fail there.
Well, they've realised that this wasn't going to be beaten out with the amount of hashing power and adoption and they had to get on board. Also with the state of fiat currencies these days institutional money are looking for new avenues
This is still a small asset class and can really benefit from even a small portion of trading volume from traditional markets flowing in.
Will be interesting to see how Bakkt fairs
@knircky, BAKKT is new BUZZ and now we have to see what picture it will going to bring to Cryptocurrency Market. Have a great time ahead.
good news! But we are small home, Not recommended to buy it, Because of the trend of bitcoin, it is affected by many big whales. So bitcoin options are easy by manipulate. But the is a benign development and is worthy of recognition. !trdo
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Die Verbreitung und Adaption von BTC nimmt immer weiter zu. BTC ist auf dem besten Wege, digitales Gold zu werden.
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