The rise of Bitcoin has taken the political world by surprise, and now politicians are grappling with the choices on how to handle the advent of Bitcoin futures trading on the NASDAQ that has been approved by the Commodity Futures Trading Commission.
If there is anything that has surpassed human understanding, especially in the world of investment, it is the price of Bitcoin. Its percentage increase in price is in the thousands. Speculators who envision the rise of Bitcoin tend to end up underestimating the real price, and investors wake up and see their money tripled in just a single night. So what will happen if this kind of digital asset makes its way into the futures market? Well, it’s almost there.
Bitcoin Futures Receives Permit
NASDAQ has decided to launch Bitcoin futures in 2018. This announcement was made last week after an earlier announcement by CME that Bitcoin futures trading will now commence with approval from the Commodity Futures Trading Commission (CFTC). This was surely a surprise move for many in the investment atmosphere, especially for those Bitcoin traders who have hoped for such decisions for a long time. Now their hopes have been answered…