There could soon be a new way to bet on bitcoin - and it promises to be an even wilder ride than the crypto currency

[Guest]

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"Investors will likely see these leveraged products as a way to profit on price moves without taking either the security risks of buying actual bitcoin or having approved accounts to trade futures," Dave Weisberger, the CEO of CoinRoutes, a cryptocurrency market structure company, told Business insider.

http://www.businessinsider.com/new-york-stock-exchange-wants-to-list-a-suite-of-etfs-that-would-raise-bitcoins-volatility

So investors don't want btc, they're just betting on people who hold it.

If you are holding btc because everyone else is, some might call you sheep. But to Wall Street, you're just a pony. 

Bitcoin really needs to step its game up if it want to stay relevant.

Edited January 7, 2018 by Guest