Bitcoin really is going mainstream now as the trend of the bullrun continues to surge. We can't deny that Bitcoin is gaining ground in the business world and invites the attention of those world's biggest names in business like the JP morgan whose CEO Jamie Dimon famously called Bitcoin a fraud is considering offering Bitcoin to clients and CME is preparing to introduce bitcoin futures.
Despite the criticism from Dimon, the company’s finance chief Marianne Lake said last month the firm is “open-minded” to the potential uses for digital currencies so long as they are appropriately regulated.
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Just recently, Europe is already launching their first Bitcoin mutual fund and now is being introduced into the market.
French asset management firm Tobam is planning to launch Europe's first bitcoin mutual fund as interest in the cryptocurrency continues to grow.
Tobam, which had $9 billion in assets under management as of September, plans to launch an unregulated alternative investment fund that will allow institutional investors to gain exposure to bitcoin.
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A Swissquote Bank offering an exchange-traded products between Bitcoin and Fiat currency. They are now engaging in cryptocurrency specifically Bitcoin.
Swissquote Bank, an online banking service, has launched a bitcoin exchange-traded certificate that it claims will curb the cryptocurrency's volatility.
The Bitcoin Active Certificate works by moving investor's holdings between bitcoin and U.S. dollars with the help of a machine learning algorithm that forecasts short-term market movements using technical indicators, buy/sell pressure and analysis of social media sentiment.
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These are the few huge businesses that gave-way to the cryptocurrency to rule in the market and for sure it will not stop there, many big institution and firms will follow and join the bandwagon. Bitcoin is really growing so fast and it penetrates even to us minnow investor. No one wants to miss out on an asset that's rallied more than 900% just this year.
Just a week ago we were celebrating Bitcoin rise above ten thousand dollars and today it reaches as mush as eleven thousand dollar landmark. The hotter Bitcoin gets into the market, the faster it invites attention to the mainstream investors and to those in the wall street big business man who have very deep pocket to ride in on the Bitcoin mania. Big financial markets are starting to take notice of Bitcoin and now it's going to reach astronomical highs and 2018 is right around the corner. We should invest our precious bitcoin wisely to maximize the profit.
