Line items of bitcoin were warmed up by information that the Chinese authorities can soften the stand on cryptocurrencies, and the new jump of a rate was caused by the statement of the Chicago board of trade for plans this year to begin futures trading on bitcoin.
The American CME Group which includes the Chicago board of trade and the New York Mercantile Exchange (NYMEX), intends to begin futures trading on bitcoin in December, 2017. The U.S. Securities and Exchange Commission which shall give the permission to start of such future can cancel plans of the exchange.
It is supposed that contracts for bitcoin will be started on the terms of calculations on the basis of CME CF Bitcoin Reference Rate (BRR) — a bitcoin rate in relation to dollar. In addition, the index of bitcoin intends to publish CME Group in real time.
This is a great update on the investment side of bitcoin. It would be cool if you could cover the currency aspect of it too!
Major tech companies are starting to dive into the bitcoin bonanza, Amazon was found purchasing a few crypto (mainly bitcoin) associated domains. Chances are that they're thinking about accepting bitcoin for future payments. Other companies might be hopping onto this trend soon and this could actually end up helping combat a potential burst we might see after the fork.
I think this time:
Bitcoin's status is not balanced.
The price of the BTC is gradually reduced, but Bitcoin will return to the previous state and also increase the value.
Bitcoin will be more aggressive in the future.
Strong belief in the future.
