Wall Street Supports Bitcoin Trading!
The relationship between Wall Street and Bitcoin has never been positive, and at times, it has been very rough. But all this is about to change as big Wall Street companies launch various Bitcoin initiatives, which may be a clear signal that digital currencies will become a stronger competitor in the financial world.
Earlier this week, the New York Times reported that the Intercontinental Exchange (IE) was "working on an online trading platform that would allow large investors to buy and retain the Bitcoin" This can be a positive step for the Bitcoin, and can really help push Bitcoin into the mainstream financial market.
The CEO of IE, Jeffrey Spritcher, spoke last month about the possibility of providing contracts for the digital currency.
"There is a trend here that we can not ignore taking into account, so I do not exclude it"
Other financial companies are now riding on the boat. Goldman Sachs, one of the world's largest financial firms, has also confirmed that it will open a trading unit for its own developer - a project he hopes will be launched very soon. While all these companies point to one direction, which is what makes Wall Street give the Bitcoin trading a fair chance.
Paul Chu, the founder of LedgerX, the renowned digital currency trading platform, said:
"The industry is witnessing an unprecedented institutional interest for the first time in the history of the Bitcoin ... I was surprised that the strongest believers in digital currencies usually seem to be the most skeptical. They have healthy doubts. But the perspective turns at some point in time, and for many institutions - I think we have finally arrived "
