Bitcoin Question and Traditional Markets

[Twentyonepaylots]

This is entirely feasible, the only problem is that the government does not accept it. Basically, Bitcoin has not yet been accepted as an official currency like fiat, its value is still very vague. Therefore, using bitcoin directly to buy stocks is impossible, you can only through intermediary transactions with cash to buy stocks. And on the other hand, the stock can't be put on the blockchain either,

Well bitcoin and other cryptocurrencies will not be welcomed by the government as long as it contains high volatility which is absolutely impossible to become. Stock market and Crypto market is a well separated market by the means of trading on which the government has favored the stock market coz they are earning from it.

the stock represents part of a conglomerate's control, which means the controller has to be identified publicly, but for bitcoin, it seems to have can hide their identity.

Yeah, that is the main reason why government do not want to take risk with bitcoin because of money laundering by which it can be easily pull off with bitcoin.

[1713989937]

1713989937

[sunsilk]

This is possible. Abra just launched this kind of service, I have seen this news before but until now I haven't used them.

Abra launches new stock trading service that turns your $BTC into $FB

Is this exactly what you're looking for?

This is a good initiative by crypto wallet Abra. They are not only after crypto now but in stock trading too good thing is you can both monitor your different holdings in one platform. I think it will also be better if a company will launch their web platform as well.

They might go in with that venture and upgrade soon.

I think there's a demand from their users to get into a web/desktop app but it's on them that should work for it. We may see them have it soon or they don't really have any plans of making one soon.

Other platforms that are focused in stock might venture into crypto too, vice versa.

[darkangel11]

Since Bitcoin is a form of money, it can be used as a medium of exchange for anything that has value. It could replace the dollar used for stock trading.
However, if Bitcoin still treated as a speculative asset/commodity, then it wouldn't happen. AFAIK direct trading between commodity and stock doesn't exist, e.g., Gold to AAPL, etc.

Gold is also used as a speculative asset. The disadvantage of gold is that it can't be used as a form of payment and Bitcoin can. As you can see it's not speculation that prevents assets from being used as a medium of exchange but their physical ability to be a medium of exchange.
Bitcoin is the first to combine a store of value and a payment method so it could also be the first to connect everything.

[luckyflop]

Stocks and cryptocurrencies are completely different, and I think that these two markets will never work together. Cryptocurrency is not guaranteed by any real assets, but for stocks they are guaranteed by real companies, real factories and teams are clearly public and controlled. In addition, the stock market is also much more stable than the cryptocurrency market, So it's hard for us to combine these two markets. It is best to be as we are now, we can make more profits from this market in the future without control.

[cosmofly]

When do you think that Stocks and other traditional financial derivatives will be connected to Bitcoin or other cryptocurrencies?

Is this even possible? And if this was possible , could we see futures using BTC to short example GOOGLE?

Or if i wanted to trade my BTC for Google stocks , is that possible?

I think not possible. Google is a big business and it has real and useful services for real society. Bitcoin is just a digital asset, it has no real value and its price rises just because of the expectations of the crowd. it can collapse at any time if that belief is no longer in the crowd, so it can't be transformed into a form of stock and nobody will manage it.

[kotik085]

And why not, of course it’s possible today to buy Google shares. You only need to use reliable sources and not be deceived.

[dothebeats]

Possible if all other big names such as Google starts their own cryptocurrency and exchanges open up a trading pair for BTC plus that certain cryptocurrency. Right now, these brands are focused on getting more fiat money coming in to their stocks rather than any other exerimental/highly-volatile digital currency.

It might not happen immediately but I think we'll head there eventually given the rising percentage of people being aware to the fact that cryptocurrencies are a thing of the future.

[Harlot]

I don't see any plans from either the NYSE or the SEC allowing other currencies both fiat or crypto to be traded directly to stocks. So far it's only the US dollar being accepted as a legal way to buy stocks in the US stock market. So not until that day where we can use crypto directly in these traditional markets can we see a direct affect on these assets. And in my opinion I don't see these from happening since if they accept this kind of change then they are opening up a volatile asset to take advantage of a stable market which would just disrupt the normal flow of the market.

[Kimonoe]

When do you think that Stocks and other traditional financial derivatives will be connected to Bitcoin or other cryptocurrencies?

Is this even possible? And if this was possible , could we see futures using BTC to short example GOOGLE?

Or if i wanted to trade my BTC for Google stocks , is that possible?

I think not possible. Google is a big business and it has real and useful services for real society. Bitcoin is just a digital asset, it has no real value and its price rises just because of the expectations of the crowd. it can collapse at any time if that belief is no longer in the crowd, so it can't be transformed into a form of stock and nobody will manage it.

in this case why is not possible, if google shares can be traded with bitcoin, I think this is just a matter of recognition, so that everything can happen, although many assume bitcoin can be destroyed at any time, but with a large community then its existence will always be there

[crwth]

This is what every person is waiting for that supports Bitcoin. Isn't it the goal to be accepted and let Bitcoin be ETF? I think if it is ever acceptable to be one traded to common stocks like Google, bitcoin would have more significant value, and I think there would be more applicable.

Being realistic would be more favorable so that we wouldn't be expecting so much. Bitcoin is still a far way off.