TGIF everyone! Can't believe that it's Friday already, with the week flying by faster than you can say "Backpfeifengesicht". I dare you to try it.
So, lets talk about the story of the title a bit.
We have seen major Wall Street firms getting more and more interested in cryptocurrencies, mainly Bitcoin, over the last months, as we peaked in December 2017. The 'Sachs' guys, Citi, JP, you name it, they're looking into it, opening desks, talking big, but taking cautious steps.
Enter Susquehanna
This Wall Street investing firm with a name as cool as a cold cocktail on a hot summer day at the beach, these guys have been all over Bitcoin. While others have remained cautious, Susquehanna has had a cryptocurrencies trading desk for 2 years already. Mainly focused on stocks, ETF-s and such, they have offered crypto trading in private deals, and quite successfully, one must say.
Perhaps being able to stay under the radar has contributed to them being able to have such success or perhaps they have missed out on much bigger profits, who knows.
img credz: pixabay.com
But now Bart Smith, head of Susquehannas digital asset group announced:
“We believe that this technology and this asset class is going to change some facet of financial services, and we think it is going to exist forever”
Accompanied by the announcement, Susquehanna will roll out cryptocurrency trading to 500 clients. Bitcoin, Ethereum, Bitcoin Cash futures will hopefully be allowed to trade with Susquehanna soon.
Cryptocurrencies forever
So in light of Susquehanna's announcement, if you are a casual reader until now - why don't you take that extra step and reflect, whether you want a piece of technology, that is going to be around for a very long time. Decide, if you want to grab yourself a small portfolio of cryptocurrencies as well. Who knows, your life might just get a boost.
Materials:
bitcoinist.com
nytimes.com
newsbtc.com
Susquehanna International Group
This is a good time to remind about assets and liabilites.
You can add all your credit cards, debts, car payments, home etc to the liabilities side. But own some Steem? That's an asset, that brings you additional income by curation money. This goes to many other cryptocurrencies as well, that can be safely moved to the assets column. Think of staking, dividends, masternode and curation rewards.
If you're still hesitant, check out Buildteam Proof of Stake, paying out staking returns twice a month:
BuildTeam Announcement: Proof of Stake has arrived... Stake Your Tokens Now!
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Title image from pixabay
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