U.S. banking giant Citigroup (NYSE: C) is reportedly awaiting regulatory approval to start trading bitcoin futures contracts on the Chicago Mercantile Exchange (CME). The firm would join Goldman Sachs in offering bitcoin futures trading.
Nasdaq-listed business intelligence firm MicroStrategy (NASDAQ: MSTR) has purchased 3,907 BTC for a total of $177 million, according to a Tuesday filing with the U.S. Securities and Exchange Commission. this is a good news guys many more bullish news to come and bitcoinprice may double so let us hold for good.
Lol! Another CME based trading instrument and another attempt from a banking institution to make money out of thin air without actually handling the underlying asset. No impact at all, will be seen in the crypto market. Only some accredited investors will "THINK" they are investing in crypto and make money from it. And the banking institution will earn commissions for being a middleman while bitcoin actually wants to remove the middleman from the system.
These banking institutions are making the whole system in their favor while trying to secretly lobbying against bitcoin! So no cheer from my end!