Experts assessed the prospects for the growth rate bitcoin

in #market7 years ago

The cost of the most popular crypto currency in the world - bitcoin (bitcoin) - will continue
actively grow until the start of trading in futures for this crypto currency on the US
and Japanese stock exchanges, after which a correction is possible, the experts surveyed.

Over the past month, the cost of one bitcoin has grown more than 2.4 times,
or more than 10 thousand dollars.
Earlier in December, the world's largest operator of futures exchanges CME Group
(Commodity Exchange Chicago Mercantile Exchange) announced plans
launch December 18 futures contracts for bitcoin. On a similar initiative
later reported the US CBOE Futures Exchange (CFE) (the launch of trading in futures
on bitcoin was planned on December 10) and the Tokyo Stock Exchange.

In addition, the exchange Cantor Exchange (Cantor) told about plans in the future to offer
investors binary options for bitcoin.

Market factors

Experts unanimously believe that the main driver of growth in the price of bitcoin is the expectation
the beginning of futures trading on world trading floors. At the same time, the co-founder of the block project
VRT World Konstantin Negachev specified that in addition to the forthcoming launch of futures trading,
Crypto currency was supported by a number of other market factors.

"Several factors, for example, interest from institutional investors." The first factor that
Restrained growth in the fall - fork bitcoin, which was painless, and investors realized that they could
quietly work with bitcoin. The second - bitcoin futures - a signal about the arrival of large players,
for example, JP Morgan. The third - the end of the year - many have left unspent budgets, "- he said.

As noted co-founder of the block project Freed Gryantov, bitcoin is often perceived
market participants as a kind of analogue of gold in the real world - a safe asset. This factor also
supports the growth of the price of the crypto currency.

The expert explained why the bitcoin rate is speculative

"Bitcoin is now the most reliable option for storing funds in the crypto currency.
This is precisely what explains the high interest to it from investors and enterprising
people who want to make money on changes in the exchange rate of this currency. This is also ensured by his
growth at the moment, "- he said.1510348762.jpg

Sort:  

Congratulations @webposter! You have completed some achievement on Steemit and have been rewarded with new badge(s) :

You published your First Post
You got a First Vote
You made your First Comment

Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here

If you no longer want to receive notifications, reply to this comment with the word STOP

By upvoting this notification, you can help all Steemit users. Learn how here!