Bitcoin going to the moon and here is one more reason to buy and HODL

Small U.S. retail investors will soon be able to buy derivatives that pay out with Bitcoins. LedgerX, a U.S.-regulated Bitcoin derivatives exchange and clearinghouse, won approval from the Commodity Futures Trading Commission to serve as a designated contract market that will offer Bitcoin spot and physically settled derivatives contracts, including options and futures, to retail clients of any size. Bloomberg reports

Bitcoin has been attracting renewed public attention this year as its volatile price once again ticks higher, recently surging past $11,000 after tumbling for much off 2018. Yet many Americans wishing to invest in Bitcoin derivatives previously had to put their money into crypto hedge funds or make wagers overseas.

“The license will allow retail to directly invest, and they will represent the majority of the market,” Chou said. “Retail investors are the ones that drove Bitcoin to this level.”

Reported in ultragamerz earlier:

It’s hard to attribute the cryptocurrency’s value to anything in particular but many have attributed it at least partly to the Libra cryptocurrency Facebook announced on June 18. But is it really even a factor? All the accumulation and adoption had started way back before the Libra announcement. And the Bakkt is gonna jump start next month and all the good news and updated from the conferences. Bitcoin and Libra don’t have a direct relationship, but pun intended when we say that the cryptocurrencies are in many ways two sides of the same coin.

Read more here:

Bitcoin’s Skyrocketing and Passed $11,000, Anything to do with Libra at all?

BTC VS LIBRA | Bitcoin is digital gold & store of value | BUT Facebook’s Libra is just digital dollar & not really decentralized 

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Mohsen Daemi
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