Bitcoin has seen another major ascent, with the cost of a single coin breaking $10,000 yesterday. Now, NASDAQ, the second biggest stock trade on the planet, plans to launch prospects contracts for Bitcoin one year from now. This would enable investors to bet on the ascent and fall of the digital currency, profiting if they are right about their prediction.
NASDAQ is not really the first player from the conventional finance world to bounce on the Bitcoin train. Chicago’s CME Group has said it would begin providing prospects contracts on bitcoin too. While some outstanding brokers and investors continue to criticize Bitcoin as an air pocket, practically every major financial institution has been exploring how they may work with Bitcoin.
As Bitcoin continues to mint new moguls, there are several new businesses attempting to use bitcoin, blockchains, and different cryptographic forms of money.
As the veteran investor and financial examiner Josh Brown writes:
“These people aren’t going anywhere. Crypto is here to stay. It doesn’t matter if most of the ICOs see their token prices crash by 90% (which is what I think will happen). Walking the halls and having people come up to me to explain their projects, I came to the realization that price crashes alone will not drive these people out. They’ve got business cards, and signs and LLCs and money raised and there will undoubtedly be projects that become real companies, even if the majority disappear. This is how all capitalism works. The crash of the internet economy at the turn of the century didn’t kill the internet itself. Google came around four years later. Three years after that, the iPhone came out. Then Facebook and Twitter. These are all post-crash. So if you’re sick of hearing about crypto, the bad news is that it’s going to be a part of the world for the foreseeable future.”
Predicting precisely when the Bitcoin air pocket will blast, as it has commonly some time recently, is inconceivable. But really soon, the world’s most respected trades will give you a chance to begin placing bets on Bitcoin.