Price Volatility vs. System Volatility

noproblem

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Could it be that the NYSE is trying to put a value on Bitcoin? Maybe, just maybe, the people who continue to believe that Bitcoin has and never will have a value may be proved wrong and the "ahem" fools who bought a piece of the action might get a return?
There's a little piece in the corner of a page of today's Indo Business supplement under Cryptocurrency that makes interesting reading.
 

tecate

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Could it be that the NYSE is trying to put a value on Bitcoin? Maybe, just maybe, the people who continue to believe that Bitcoin has and never will have a value may be proved wrong and the "ahem" fools who bought a piece of the action might get a return?
There's a little piece in the corner of a page of today's Indo Business supplement under Cryptocurrency that makes interesting reading.
Yes, that's in relation to Bakkt. They've finally gotten the green light from the regulator - with Bitcoin futures to be traded towards the end of September. There has been a Bitcoin futures market for some time (CME) but the difference in this instance is that these will be physically settled Bitcoin futures.

There are also some interesting tie-ups with Microsoft and Starbucks as part of the initiative so it will be interesting to watch as it develops. Bakkt is owned by ICE (intercontinental exchange) - the owners of the NYSE. It will add considerable legitimacy to the trading aspect of cryptocurrency. Due to regulators messing about, the launch of this product has been delayed by 9 months +. It's a shot in the arm for the sector to finally have it launch.

In terms of speculation, it is going to remain high risk for many years to come. However, in the current climate, I also think it's foolish not to have 5% of funds in crypto (so long as the individual does their due diligence and gets a basic grasp of what's involved beforehand). As regards the stage it's at, many people thought they had missed the boat when it went to 1 dollar, 100 dollars and 1000 dollars. The reality is that this is still very very early.

The Chinese are preparing to launch their own digital currency having effectively banned Bitcoin (at least, the exchanges...yet Chinese related trading is still significant). Facebook are launching their own and Walmart has patented its own. All good activity in the space - even though these are not decentralized cryptos. I expect a decent percentage of people will see that as they come to use them.
 
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