The digital currency began the year below $1,000 along with its gains have accelerated as investor interest grows. Chicago-based Cboe Global Markets is usually planning to launch bitcoin futures on Sunday, while the earth’s largest futures exchange, CME, is usually set to launch its futures product the following week. The addition of bitcoin futures by two respected exchanges marks another step towards establishing the digital currency as a legitimate asset class.
“While we launched [inside the U.S.] just a week ago, bitFlyer has already seen strong interest coming from institutions looking to gain exposure to bitcoin. We’re glad to have expanded to the US at This kind of time with so much interest due to the impending Bitcoin futures launches,” bitFlyer COO Bartek Ringwelski, said in an email. The Tokyo-based digital currency exchange is usually the largest inside the earth by trading volume along with announced last week the item received a “BitLicense” to operate in fresh York.
However, many remain critical of bitcoin. JPMorgan Chase Jamie Dimon has called bitcoin a “fraud.” Digital currency investor along with former Fortress hedge fund manager Michael Novogratz also said last week in which cryptocurrencies like bitcoin are “going to be the biggest bubble of our lifetimes.” Novogratz also predicted last week in which bitcoin could reach $40,000 by the end of next year.
Bitcoin three-month performance
The bitcoin offshoot, bitcoin cash, traded 2.5 percent lower near $1,465, while ethereum traded 6 percent lower near $435, according to CoinMarketCap.