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Leo Melamed of CME Group: Bitcoin would do more than being a cryptocurrency alone

leo melamed photograph by Waseda University

Chairman Emeritus of CME Group is the latest to join the bandwagon. He believes that Bitcoin would do more than being a cryptocurrency alone.

The concept of online wealth management has become a hot topic in the recent times. Many experts and business tycoons have started giving their insight and comments on Bitcoin of late and Leo Melamed, the Chairman Emeritus of CME Group is the latest to join the bandwagon. He believes that Bitcoin would do more than being a cryptocurrency alone and become a new asset class just like stocks, gold and other valuables that are traded by major investors.

CME is world’s largest derivatives exchange and it announced a path-breaking initiative of launching Bitcoin Futures which is definitely a first step towards acceptance of the cryptocurrency in the main stream business environment. This has definitely validated Bitcoins and has increased its popularity.

Giving an interview on Tuesday to Reuters Melamed says, “That’s a very important step for bitcoin’s history. We will regulate, make bitcoin not wild, nor wilder. We’ll tame it into a regular type instrument of trade with rules.”

He expects to see major investors to join them and be part of the bitcoin future and the plans are to kick start by the end of the year. Bitcoin has slowly been gaining recognition from some important quarters and we can only wait to see if it is able to pull off in full force in the next one year.

Image Credit: Waseda University / YouTube

1 BTC = $8002.05 USD
1 ETH = $403.64 USD
1 LTC = $73.17 USD

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