Sources: https://www.reuters.com/article/cme-group-bitcoin/interview-bitcoin-a-new-asset-class-not-a-crypto-currency-cmes-melamed-idINKBN1D7159
http://www.livebitcoinnews.com/investment-circles-look-to-bitcoin-as-the-asset-class-of-the-21st-century/
The Chairman of the CME Group (Chicago Mercantile Exchange) suggests that bitcoin will become a new “asset class”.
You are saying ...please explain.
In investments of Wall Street, big money and investors seek “diversification” from risk. They know that all assets classes (stocks, bonds, gold, real estate etc...) do not appreciate the same. Some even look for hedge funds which is essentially zero correlation.
Bitcoin is one of those investments that is “zero correlation”
What do you mean zero correlation? It means Bitcoin rises and falls on it’s own and has nothing to do with the stock market. And it’s history has been quite good to the upside — so investors may like this for a small percentage of their portfolio.
The confusing chart below tries to show how the various asset classes relate — no need to study this.
The CME Group is even more focused on the “big tuna’s” who play at another level.
To me all this only means HUGE things for Bitcoin (and others).
Imagine if stocks tank —- people will move some money to Bitcoin and if stocks rise — they are more wealthy and may want to invest some in crypto’s.
Even in the currency markets — do you you think they like diversification and returns? Here is from 2015....we know in 2017 Bitcoin is up 1400%
Watch for the next 40 days as people get back to work and Wall Street put’s money to work.
This is not investment advice....it’s Christmas.