Bitcoin a new asset class, not a crypto currency

Go down

Bitcoin a new asset class, not a crypto currency Empty Bitcoin a new asset class, not a crypto currency

Post  Admin on Tue Nov 07, 2017 4:45 pm

TOKYO (Reuters) - Bitcoin is likely to become a new asset class in its own right, such as gold or stocks, which can be traded by major investors and regulated, not simply a crypto-currency, Leo Melamed, Chairman Emeritus of CME Group (CME.O), said on Tuesday.

CME, the world’s largest derivatives exchange, last week announced that it would launch the futures contract of bitcoin, marking a major step in the digital currency’s path toward mainstream acceptance.

Melamed said he expects major investors to take part in bitcoin futures, which the exchange plans to start by the end of year.

“That’s a very important step for bitcoin’s history... We will regulate, make bitcoin not wild, nor wilder. We’ll tame it into a regular type instrument of trade with rules,” Melamed told Reuters in an interview.

The futures will allow investors to short-sell bitcoins, making two-way bets possible, a development that he expects will attract major institutional investors, not just speculators.


Bitcoin a new asset class, not a crypto currency
Reviewed by Bitcoin Trader
Rating: 5
Rating


Bitcoin a new asset class, not a crypto currency Open_a10    Bitcoin a new asset class, not a crypto currency Demo_a11
Admin
Admin
Admin

Posts : 668
Join date : 2014-08-19

http://feeds.feedburner.com/TradingInvestmentForum https://www.facebook.com/tradingforexforum https://twitter.com/fxtradingforum

Back to top Go down

Back to top


 
Permissions in this forum:
You cannot reply to topics in this forum