S&P Dow Jones Indices to launch cryptocurrency indexes in 2021
LONDON (Reuters) - S&P Dow Jones Indices, a division of financial data provider S&P Global Inc, said on Thursday that it will launch cryptocurrency indices in 2021, making it the latest major finance company to enter the nascent asset class.
The S&P DJI-branded products will use data from New York-based virtual currency company Lukka on more than 550 of the top traded coins, the companies said.
S&P’s clients will be able to work with the index provider to create customized indices and other benchmarking tools on cryptocurrencies, S&P and Lukka said in a joint statement.
S&P and Lukka hope more reliable pricing data will make it easier for investors to access the new asset class, and reduce some of the risks of the very volatile and speculative market, they said.
“With digital assets such as cryptocurrencies becoming a rapidly emerging asset class, the time is right for independent, reliable and user-friendly benchmarks,” said Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices.
https://www.reuters.com/article/cryptocurrencies-sp/sp-dow-jones-indices-to-launch-cryptocurrency-indexes-in-2021-idUSL1N2IJ0TGOh gawd...
Another way to attempt to dilute the value of bitcoin by packaging it with shitcoins...
"They" (this is the "Torque they") never cease in figuring out ways to convolute and obfuscate matters.
19500 is nice if we can go sides ways for 2-3 weeks we may have a stronger rally over the jan feb 2021 time period.
Bitcoin NO doesn't work like dat.
if we move up and over and into 25-30k this year we will correct in jan feb 2021
So?
Does bitcoin care what you want or prefer?
It could correct now. I could go up now and correct or not correct.. or it could go up partly and correct ... lot's of possibilities beyond the two scenarios that you outline.
By the way phillip, are you accounting for the breaking above of three resistance points that you had considered out of the realm of likelihood just a few months ago when you anticipated stability in the $10k to $12k-ish price arena, at that time?