It looks like another institutional investors trying to join the crypto picture as well. Do you think it will bring some positive effect the ecosystem?
We all have seen CBoE and CME affecting the market in a negative way, so I supposed that this is not as welcoming as others might think.
franky1 just summarized what is really going to happen with Barclays. When it comes to future market, earlier we could predict the market according to the volume of coins traded in the exchanges but with the introduction of future market it is a different scenario but one thing i noticed is that the volatility level has decreased.
If this happens more people will also be convinced that bitcoin and cryptocurrency has a real value and is deemed to have good future.
Looking at the current market valuation we do not need to convince others to join the market, we are well past that era, now the price depends upon huge institutional investments and when that flow of money comes in the market will start rising.
This also happened with the internet, at first many people didn't believe in their potential and now the internet is everywhere.
I do not remember anyone undervaluing the potential of internet technology, may be there were people who did not understand what it is all about, ignorance is not a crime.