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 )
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