Wall Street Could Change The Game For Bitcoin Again
A new product from Wall Street could change the game for Bitcoin in 2019. And, perhaps, help its price to rise again. Wall Street is seeking regulatory approval of a new Bitcoin’s futures contact. It could help reduce the price volatility of the digital currency.
That’s according to a recent story published on Friday's Wall Street Journal. Launched by the Intercontinental Exchange, the new contract will be settled in Bitcoins rather than in dollars.
Reducing the price volatility will pave the way for the digital currency to be accepted as a means of payment in everyday transactions. Like the buying of coffee in Starbucks and Dunkin Donuts outlets. If approved, these contracts will be a bullish development for the “people’s currency.” Starbucks and Dunkin Brands have been talking about accepting Bitcoins instead of dollars in their stores.