A slight beam of good news shines over the bleeding cryptocurrency market as Arizona State University Professor Dragan Boscovic discusses the future of Bitcoin from a trading standpoint. The scholar seems to think that Bitcoin is regarded by investors as a ‘valued investment opportunity’.
Dragan Boscovic is a computer science research professor at Arizona State University (ASU) and also a director of the Blockchain Research Lab – a project that aims to further the development blockchain-based technology’s applications. In a recent interview with ASU Now, Boscovic offers his insight on Bitcoin’s past, present, and future as an investment asset.
BITCOIN GOES TO WALL STREETIn December 2017, with the eyes of the financial world firmly fixed on Bitcoin, two major futures exchanges – CBOE and CME Group – began offering bitcoin futures. It was an exciting time for the cryptocurrency. The launch of futures trading marked a turning point in Wall Street’s sentiment toward the crypto industry, allowing for a gradual, but nonetheless definitive, entry into mainstream adoption.
The excitement continued into the new year as the Intercontinental Exchange (ICE), which also owns the New York Stock Exchange (NYSE), announced that it was developing a cryptocurrency data feed. The service, which gives financial firms access to “streaming real-time, end of day and historical data for the most actively traded digital currencies,” was rolled out in March. In addition, the NYSE is developing its own online trading platform.
According to Boscovic, cryptocurrencies, while still relatively new, have already been around for nearly a decade – well within the normal time frame for a new technology to gain traction. The professor also notes that “the industry now sees an opportunity to offer a new asset for trade, broadening choices for investors.”
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