NASDAQ, the second largest stock exchange in the world, is planning to launch contracts for bitcoin futures in the first half of 2018 ( according to Wall street Journal, published on 29, Nov), which will enable investors to predict the future prices and put money on the future price of the currency, and profiting if they are correct about the direction of its future price.
As bitcoin hits all time high of 11,000$ , it is also becoming mainstream and getting a huge media coverage which is driving more and more people to invest in bitcoin and other cryptocurrencies.
NASDAQ is one of the first from the traditional finance world to consider Bitcoin revolution.
Previously, Chicago’s CME Group has also said that it would begin providing futures contracts on bitcoin.
Finally, bitcoin is being accepted as the bitter truth by the old financial institutions, although most of them are too afraid that they are building their own cryptocurrencies.
The world is changing fast, and fintech and cryptocurrencies are giving traditional financial institutions sleepless nights.
And in coming months, more financial institutions are expected to join the bitcoin movement in the fear of being left behind.
The large bitcoin holders are experiencing the most exciting times of their lives, but the best is yet to come. This just looks like a beginning.
Please don't take any of this as investment advice.
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