With Reuters reporting the Nasdaq will offer a futures “bet” on BitCoin in 2018; this could be a major adoption turning point for the digital currency.
There’s been a lot of recent news to high-light increased adoption of crypto-currencies, like: Georgia gets new bitcoin ATM’s and even a big four consultancy getting in the game: PricewaterhouseCoopers accepting bitcoin payments.
As Wall Street jumps in, this could signal a game changer for US markets and a spearhead for global markets as well. We know government agencies are opposed to such un-regulated forms of currency transactions; but they can’t just turn their back on this one. The people want what the people want, and the tide is turning.
However, could it mean an investor grab to influence the markets? I’m reminded of the mortgage bubble and those that cashed in BIG on betting short against those contracts.
Time will tell if a futures investment vehicle on the open market will increase volatility or stabilize this budding crypto-currency, and specifically bitcoin market. I’m interested to track the influence this financial instrument has on the 2018 trend.