Wall Street to give Bitcoin another impulse

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

This is bullish for Bitcoin and other cryptocurrencies will help them gain acceptance among investors, traders and consumers

Last week, Intercontinental Exchange (ICE) announced plans to form a new company, Bakkt, with the aim of creating an open, global digital asset ecosystem The new company should work with a group of prominent organizations including BCG, Microsoft, Starbucks and others to create an integrated platform that will facilitate trading, digital storage and spending

This could boost digital resources like Bitcoin, as it will facilitate market volatility. " Traditionally, volatility scares most investors, regardless of asset class, "says Christopher Bates, a former NYSE member." Bakkt will draw resources from reliable companies with knowledge in the areas of risk management and technology to create a regulated platform. at the federal level. Once investors feel comfortable, trading in a regulated environment should facilitate volatility. "

This is not the first time that Wall Street focuses on digital resources.In the last two years, Wall Street has introduced Bitcoin futures to help investors cover their positions, and has also introduced new products such as the Investment Trust, which allow a wider participation of investors in the Bitcoin market and could help the digital currency to move from the "innovator" and "early adopter" stage in the Rogers Curve, to the "first" Demand for a product turns into a waterfall, and the product becomes an "epidemic" "

This is good news for the Bitcoin bulls, since an" epidemic "means higher prices than Bitcoin, especially from Bitcoin is in limited quantities, provided that big governments, big banks and hackers do not ruin the party.

However, it may take some time. "My experience as a member of the NYSE was that the SEC has a history no n Skip approvals, prefer to have "pilot programs" to monitor how new platforms or trading systems work, "adds Bates. "There is no doubt that Blockchain is the wave of the future and it will be the responsibility of the SEC to see that the" investor "is protected in federally regulated markets, to know if cryptocurrency is an investment safe in a regulated environment, I would need more information on how it is regulated.The fact that these "branded companies" are giving their name to the startup Bakkt is promising. "

This could explain why the cryptocurrency markets have had a moderate response to the ICE announcement.

* Starting from 8 / 4/201, at 15:00.

[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, preservation and spending of digital resources

This is bullish for Bitcoin and other cryptocurrencies. traders and consumers.

Last week, Intercontinental Exchange (ICE) announced plans to form a new company, Bakkt, with the aim of creating an open and regulated global ecosystem for digital resources, collaborating with a group of includes BCG, Microsoft, Starbucks and others, to create an integrated platform that will facilitate the trading, storage and spending of digital resources

This could boost digital resources like Bitcoin, as it will facilitate the volatility of the market ". Traditionally, volatility scares most investors, regardless of asset class, "says Christopher Bates, a former member of the NYSE." Bakkt will draw resources from reliable companies Knowledge of risk management and technology to create a regulated platform at the level Federal. Once investors feel comfortable, trading in a regulated environment should facilitate volatility. "

This is not the first time that Wall Street focuses on digital resources.In the last two years, Wall Street has introduced Bitcoin futures to help investors cover their positions, and has also introduced new products such as Investment Trust, which allow a wider participation of investors in the Bitcoin market and could help the digital currency to move from the "innovator" and "early adopter" phase in the Rogers Curve, to the "first" The demand for a product becomes a cascade and the product becomes an epidemic.

This is good news for Bitcoin bulls, as an epidemic means higher Bitcoin prices, especially since Bitcoin is on limited supply, provided that big governments, big banks and hackers do not ruin the party.

However, it may take some time. "My experience as a member of the NYSE was that the SEC has a history of not know With approvals, he prefers to have "pilot programs" to monitor how new platforms or trading systems work, "adds Bates. "There is no doubt that Blockchain is the wave of the future and it will be the responsibility of the SEC to see that the" investor "is protected in federally regulated markets, to know if cryptocurrency is an investment safe in a regulated environment, I would need more information on how it is regulated.The fact that these "branded companies" are giving their name to the startup Bakkt is promising. "

This could explain why the cryptocurrency markets have had a moderate response to the ICE announcement.

* From 8 / 4/201, at 3:00 pm.

[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.]