Bitcoin futures trading options are spreading in the United States and all over the world. Now, the owner of the New York Stock Exchange, the Intercontinental Exchange (ICE), could start offering Bitcoin futures to its clients.
Bitcoin Futures in Wall Street
According to The New York Times, there is a possibility that the ICE could launch Bitcoin trading options. If that turns out to be correct, the ICE would become the second Wall Street company that decides to offer Bitcoin investments after Goldman Sachs.
The report reads as follows:
“[The ICE] has had conversations with other financial institutions about setting up a new operation through which banks can buy a contract, known as swap, that will end with the customer owning Bitcoin the next day – with the backing and security of the exchange.”
Investors are ready to place their investments in this new volatile market. At the moment, it is highly unregulated, but it could change in the coming months before the end of the year. As mentioned before at CoinStaker, the Financial Action Task Force on Money Laundering (FATF), will be presenting its work on crypto regulations.
Bill Gates and Warren Buffet Against Bitcoin
Two important figures in the technological and business fields, have given their opinion about bitcoin and virtual currencies in general. Both of them are opposed to Bitcoin and what it can provide to the society, but they remark the good points of blockchain technology.
“As an asset class, you’re not producing anything and so you shouldn’t expect it to go up. It’s kind of a pure ‘greater fool theory’ type of investment. I agree I would short it if there was an easy way to do it.”
At the same time, Warren Buffet said that Bitcoin was ‘probably rat poison squared.’ He has also commented that it and other virtual currencies could end very bad.
Bitcoin is the most important virtual currency in the market. Some critics to it referred to the high fees and scalability issues that couldn’t be addressed and the argue between Bitcoin Cash supporters and Bitcoin developers. The reality is that Bitcoin will soon be able to scale with the Lightning Network (LN), meaning that it would be able to process millions of transactions per second with almost no fees.
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