Will Bitcoin get even stronger now that a US regulator has given permission yesterday for bitcoin futures to be traded on major exchanges?
The decision was made to allow Chicago Mercantile Exchange and CBOE Futures Exchange to allow contracts for futures of the virtual currency rather than trading the actual currency itself.
However a word of warning was issued by the CFTC chair J. Christopher Giancarlo who said Bitcoin is a virtual commodity unlike any they have dealt with previously stating that investors should be aware that of potentially high levels of volatility.
He also made it clear just because they are allowing trading on the exchanges it does not mean they endorse the cryptocurrency.
Bitcoin rose above $10,000 per coin for the first time earlier this week having started at $1,000 a coin at the start of the year.
With some people sceptical about the massively popular cryptocurrency fearing a price collapse others predict further rises before the end of 2017, what is your opinion.
Source : Thenation
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