Bitcoin Forum

As credit risk increases and traditional investors look to safeguard their money, one market maker believes Bitcoin may be a more reliable “fear gauge” than the CBOE Volatility Index (VIX). Full article on Bitcoinist (http://bitcoinist.com/bitcoin-traditional-markets-new-fear-gauge-says-market-maker/)

I like how there is a mentality shift in how the regulars are looking at Bitcoin. It's slowly growing out from a criminal tool to something that people will potentially park billions of dollars in, all to prevent that capital from vaporizing in a worst case scenario. I strongly hope to see Coinbase's coin backed fund will become publicly available before the end of this year. The real impact on this market won't come from products such as futures and options, but coin backed funds that will swallow the majority of the circulating coins within a few years. The demand is huge and the availability of circulating Bitcoins low, which can only mean that we'll be up for a massive boost before the block halving.

Halving event is still long way to go but we do have the same hopes and now im seeing some light that we are really heading on the right path and with limited supply and huge demand we can really expect some boost up but for now i do feel the hesitance for those traditional investors to fully transition into crypto due to regulation and other legality matters. I do see on upcoming years bitcoins price movement will be on gradual and slow movement just like other traditional currencies and stocks but we cant still be sure yet crypto would always be volatile.