What’s missing Bitcoin for growth? Expert opinion

The head of the Board of Directors of CBOE Edward Tilly made a very Frank statement regarding the cryptocurrency market. In his interview to the journalists of Business Insider Finance called the main obstacle that prevents sharp increase of Bitcoin and the stock market as a whole.

For the year digital assets is not enough the only trading tool — the exchange bonds. In his words, the ETN can be a very useful tool for mass adoption of Bitcoin among the US population due to the low threshold of entry into the market.

The last hope for the crypt

Tilly has reported the best results of futures trades on Bitcoin. It turns out that it almost had no effect on the industry as a whole and the major players and began to use it for large injections into the crypt.

The expert also added that the CBOE volatility index VIX has gained huge popularity among investors thanks to the successful combination of futures and exchange-traded bonds. However, Bitcoin still needs to grow to such a level, because the issue of creation of new trading tools for digital assets as well as ETF for Bitcoin is still dependent on financial regulators.

Despite what Edward Tilly, other experts predict the niche cryptocurrency serious influx of money from wall street. The founder of Stockhouse Jeff Berwick predicts “change the rules of the game in the market” after the arrival of large American investors.

Source: Bitcoinist

Of great interest are new solutions from BitGo and Genesis. Both companies are engaged in the creation of a platform for OTC trading in the future it will allow you to buy and sell digital assets directly from a protected cold wallets businesses. This news could attract the industry’s big players, who don’t trust conventional cryptomeria. This is especially true in light of recent news about the hacking of Cryptopia.


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