Wondering what you all think will be the effect of the futures market on the adoption of Bitcoin in Wall St, including the time scale.
Two of the planned three Bitcoin Futures markets are starting in the next two weeks. One $100 billion hedge fund in I believe the UK has already said they will start offering direct exposure to Bitcoin once futures go online. Many financial experts expect that futures will lead to the SEC accepting Bitcoin ETFs.
Futures are a sideshow that won't affect the market. The real thing we want is direct exposure through ETFs and hedge funds. Do you think futures will lead to this and how long will it take until we have a bunch of hedge funds and approved ETFs operating in Bitcoin?
Yes. The Winklewoss twins are already making a move on Bitcoin ETF. The trick will be to link it to Bitcoin futures, which are a regulated product.
Once ETFs come into the picture, institutional investors as well as mom and pop can invest in Bitcoin through their brokerage account. This comfort will lead to demand taking off.