JPMorgan Analyst Says Bitcoin Could be the New Gold

Чому дорожчає биткоин і що думають про криптовалютах в Україн

Bitcoin futures and other derivatives would make it easier for more investors and speculators to trade the new asset class. "Square and the CME are just the beginning of the next wave".

From next year, traders will reportedly have to disclose their identities to the government and platforms used to exchange the internet currencies will be forced to report any suspicious transactions they discover.

Bitcoin would need to be widely accepted by merchants as a payment option, which would mean that merchants would need to understand bitcoin and know how to use it.

For anyone studying the cryptocurrency market, it is nearly immediately clear that the factors affecting the price of bitcoin are not too different from the ones that influence the prices of most commodities. Wall Street is preparing for regulated products backed by Bitcoin, and then they will drive it to Main Street.

Tilly declined to comment on how that interest will translate into trading volume.

The CME says bitcoin futures will be priced at a premium to standard Equity Index futures, but in line with the pricing conventions of other premium products. "The addition of Nasdaq and Cantor Fitzgerald to the mix in a few months may dilute the critical mass needed to anoint a dominant player - which may be OK, since there are so many cryptocurrencies to go around".

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It seems Bitcoin has fully recovered from the major $9,000 price correction.

"Judging by other stores of wealth such as gold, cryptocurrencies have the potential to grow further from here". Read here how bitcoins became bigger than the New Zealand economy.

And governments like to control their currency, like to control their own economy. When he was saying this, Bitcoin price was already past $1,000. No they didn't. What I gather Japan did was they call it J-coin. The million dollar question for bitcoin right now, quite literally, is whether it has the capacity to survive this climb in valuation. The use of problem-solving in this way is the reason bitcoin is known as a cryptocurrency.

In addition to being able to short bitcoin, there's considerable speculation about whether futures will lower or increase the volatility level of bitcoin.

Until a market correction occurs, however, the Bitcoin bubble is rolling along in an odd fashion to the quantitatively driven stock market itself: until proven otherwise, the market is headed higher. Many hedge fund managers have also expressed bearish sentiment toward bitcoin, and may see this as a compelling shorting opportunity once the futures are rolled out.

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