Bitcoin mass adoption - It's happening!
Today there was a big surge in Bitcoin price - from around $4300 up to $4600 in around 30 minutes, which gave us new All Time High. Many investors looked for the reason of the price increase but as always - some knew earlier than others.
According to news.bitcoin.com the Moscow Stock Exchange is currently building an infrastructure to trade Bitcoin and other cryptocurrencies, derivatives and exchange-traded funds (ETFs) based on them.
In my opinion this is huge news because it shows that Bitcoin and other cyrptocurrencies are finally getting attention they deserve. Wide adoption is coming and the big boys from the financial world are finally realizing how much potential this market has.
Please note that it happens not only in Russia - according to bloomberg Bitcoin options will be available this fall on the American market:
The U.S. Commodity Futures Trading Commission granted LedgerX LLC, a cryptocurrency trading platform operator, registration as a clearing house for derivatives contracts settling in digital currencies
So, probably more speculation and price volatility for BTC but also big money coming in. Let's hope that in the long run it will stabilize the price at around... $100k ;)