Wall Street will give a new impetus to Bitcoin



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Wall Street is working on a new platform that will facilitate the trading, storage and spending of digital assets.

It's bullish for Bitcoin and other crypto-currencies. This will help them to be accepted by investors, traders and consumers.

Last week, Intercontinental Exchange (ICE) ad plans to create a new company, Bakkt, with the aim of creating an open and regulated global ecosystem for digital assets. The new company should collaborate with a group of leading companies, including BCG, Microsoft, Starbucks and others, to develop an integrated platform that will facilitate trading, storage and expense. digital assets.

This could give a boost to digital assets such as Bitcoin, as this would mitigate market volatility. "Traditionally, volatility is scary for most investors, regardless of asset class," said Christopher Bates, a former NYSE member. "Bakkt will support leading companies with knowledge in the areas of risk management and technology to create a platform & nbsp; regulated by the federal government. Once investors feel comfortable in a regulated environment, volatility should be mitigated. "

This is not the first time that Wall Street has joined digital assets. In the past two years, Wall Street has introduced bitcoin futures to help investors protect themselves. It has also introduced new products such as the Investment Trust, which allow for greater investor participation in the bitcoin market – and could help the digital currency move from Rogers Curve's "innovative" and "early adopter" stage to "the early majority. This is when the demand for a product turns into a cascade and the product becomes an "epidemic."

This is good news for Bullcoin, because an "epidemic" means a rise in bitcoin prices, especially since bitcoin is in limited supply, provided that big governments, big banks and hackers do not do not ruin the party.

This may nevertheless take some time. "My experience as a NYSE member was that the SEC never jumped in approvals. They preferred to have "pilot programs" to monitor the operation of any new trading system or platform, "adds Bates. this Blockchain is the wave of the future and it will be incumbent on the SEC to ensure that the investor is protected in federally regulated markets. To find out if cryptocurrency is a safe investment in a regulated environment, I would need more information on how it is regulated. The fact that these "brand companies" gave their name to the startup Bakkt is promising. "

This could explain why the cryptocurrency markets had a moderate reaction to the announcement of ICE.

Piece of money % 24H *
Bitcoin (BTC) -6.40%
Ethereum (ETH) -2.35
XRP -2.37

* From 8/4/2018, at 15h.

[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don’t own any Bitcoin.]

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Wall Street is working on a new platform that will facilitate the trading, storage and spending of digital assets.

It's bullish for Bitcoin and other crypto-currencies. This will help them to be accepted by investors, traders and consumers.

Last week, Intercontinental Exchange (ICE) announced its intention to create a new company, Bakkt, with the goal of creating an open and regulated global ecosystem for digital assets. The new company should collaborate with a group of leading companies, including BCG, Microsoft, Starbucks and others, to develop an integrated platform that will facilitate trading, storage and expense. digital assets.

This could give a boost to digital assets such as Bitcoin, as this would mitigate market volatility. "Traditionally, volatility is scary for most investors, regardless of asset class," said Christopher Bates, a former NYSE member. "Bakkt will rely on reputable companies with knowledge in the areas of risk management and technology to create a federally regulated platform. Once investors feel comfortable in a regulated environment, volatility should be mitigated. "

This is not the first time that Wall Street has joined digital assets. In the past two years, Wall Street has introduced bitcoin futures to help investors protect themselves. It has also introduced new products such as the Investment Trust, which allow for greater investor participation in the bitcoin market – and could help the digital currency move from Rogers Curve's "innovative" and "early adopter" stage to "the early majority. "It is at this point that the demand for a product turns into a cascade and that the product becomes an" epidemic ".

This is good news for Bullcoin, because an "epidemic" means a rise in bitcoin prices, especially since bitcoin is in limited supply, provided that big governments, big banks and hackers do not do not ruin the party.

This may nevertheless take some time. "My experience as a NYSE member was that the SEC never jumped in approvals. They preferred to have "pilot programs" to monitor the operation of any new trading system or platform, "adds Bates. this Blockchain is the wave of the future and it will be incumbent on the SEC to ensure that the investor is protected in federally regulated markets. To find out if cryptocurrency is a safe investment in a regulated environment, I would need more information on how it is regulated. The fact that these "brand companies" gave their name to the startup Bakkt is promising. "

This could explain why the cryptocurrency markets had a moderate reaction to the announcement of ICE.

Piece of money % 24H *
Bitcoin (BTC) -6.40%
Ethereum (ETH) -2.35
XRP -2.37

* From 8/4/2018, at 15h.

[Ed. note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment. Disclosure: I don’t own any Bitcoin.]