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Wall Street giants have "came in" Bitcoin! Cryptog

2018-05-25

Wall Street giants such as the New York Stock Exchange and Goldman Sachs all bowed to bitcoin's garnet skirt, which released other large Wall Street financial institutions will also accept the signal of bitcoin, the cryptocurrency market may rise in the short to medium term?


Recently, Brian Kelly, a well-known crypto-currency dealer and founder of BKCM, an American asset management company, said on the CNBC program “Quick Cash Show”: Wall Street’s largest financial institutions, such as the New York Stock Exchange (NYSE) and Goldman, etc. The use of Bitcoin transactions will cause the cryptocurrency market to rise in the short to medium term.
 
Earlier this week, the ICE Exchange, the parent company of the New York Stock Exchange, has been developing and testing a bitcoin exchange to serve investors in the traditional financial sector. Various reports have shown that the ICE Exchange does not launch futures such as the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE), but instead launches a well-timed Bitcoin exchange, which investors can purchase directly. , sell and store Bitcoin.


The New York Times quoted four people as saying, "The parent company of the New York Stock Exchange has been working to develop an online trading platform that allows large investors to buy and hold bitcoin." Because these plans are still confidential, the four insiders asked to remain anonymous.
 
Kelly emphasized that although the cryptocurrency market has not been "brilliant" due to the rise of the New York Stock Exchange to the market, he said that, like Xapo and Coinbase, the New York Stock Exchange and its parent company ICE Exchange will start as institutions. Holders provide hosting solutions.


Kelly further pointed out that the Bitcoin hosting solution developed by ICE Exchange means that cryptocurrency has become an emerging asset class. More importantly, the growth of cryptocurrencies as an emerging asset class will allow billions of dollars of pensions, pension insurance, and institutional investors to invest in the cryptocurrency market. Kelly said:
"So far, they have had a hard time finding a balance between cryptocurrency and related regulations. If the ICE Exchange develops a hosted solution that meets SEC regulations, it will open the door to pensions and endowment funds. ”
 
If institutional investors begin to enter the cryptocurrency market with tens of billions of dollars of new capital, the growth rate of the cryptocurrency market will enter an unprecedented peak period, which will be unmatched by the growth rate of the past.