CME has announced they intend to introduce a Bitcoin Futures product. If this is allowed it will allow institutional investors (think pension funds, hedge funds etc) to legally indirectly invest in bitcoin.
The amount of money in the hands of institutional investors is huge, multi hundred billions. If a minuscule numbers of these investors put a tiny amount of their portfolio in bitcoin, the price will rocket even further.
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CME has announced they intend to introduce a Bitcoin Futures product. If this is allowed it will allow institutional investors (think pension funds, hedge funds etc) to legally indirectly invest in bitcoin.
The amount of money in the hands of institutional investors is huge, multi hundred billions. If a minuscule numbers of these investors put a tiny amount of their portfolio in bitcoin, the price will rocket even further.