Published on November 18th, 2017 | by bitcoin0
Bitcoin (virtual currency) coins placed on Dollar banknotes are seen in this illustration picture, November 6, 2017.
The idea that the bitcoin market, which is now worth $130 billion, constituted a bubble was the broad consensus among participants at the investment summit, which took place in London, Mumbai, New York, Singapore and Tokyo.
BITCOIN FUTURES Bitcoin was created in 2008 as a Web-based cryptocurrency to move money around quickly and anonymously but the market is not yet regulated by any mainstream financial institution.
While scores of digital currency hedge funds have been launched this year, institutional investors worry that bitcoin is too lightly regulated, too volatile and too illiquid to risk investing other people’s money in.
Even the imminent launch of bitcoin futures by the world’s biggest derivatives exchange operator, CME Group Inc (CME.O), would not be enough to entice most mainstream investors.