Bitcoin Forum
December 05, 2024, 04:32:36 AM *
News: Latest Bitcoin Core release: 28.0 [Torrent]
 
   Home   Help Search Login Register More  
Pages: [1]
  Print  
Author Topic: Brit's Man Group may add more legitimacy to BTC!  (Read 200 times)
scottykarate (OP)
Member
**
Offline Offline

Activity: 70
Merit: 10


View Profile
November 15, 2017, 05:51:09 AM
 #1

This should fit in well with the CME futures trading! UK getting into the act would be outstanding!

https://www.cryptocoinsnews.com/100-billion-hedge-fund-man-group-plans-to-add-bitcoin-to-investment-universe/
CryptoBry
Sr. Member
****
Offline Offline

Activity: 1008
Merit: 355



View Profile
November 15, 2017, 05:58:44 AM
 #2

Quote
Historic British hedge fund Man Group says that it will likely add bitcoin to its “investment universe” once U.S. exchange CME launches bitcoin futures contracts next month. The London-based Man Group, which was founded in 1783 as a sugar cooperage and brokerage, is one of the world’s largest hedge funds and has close to $100 billion in funds under management. Read more here...


This can be a big good news as we are about to witness the start of the CME's Bitcoin Futures in action soon maybe before the year ends or if not then the first quarter of 2018. As what I said in another post, CME's Futures can be that big catalyst for other groups to follow the leadership either by introducing the same contracts or innovations thereof. This is just the tip of the iceberg as we can see an avalanche of fund managers shifting some of the assets they are managing into Bitcoin. We should brave for more volatility though.
Pages: [1]
  Print  
 
Jump to:  

Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!