Not a big problem that bitcoin and other significant cryptocurrencies have all fallen on Wednesday. That is the market. And Adena Friedman, CEO of Nasdaq, recalled this again during an interview with CNBC.
CEO of Nasdaq for cryptocurrency
Bitcoin and other coins are more than a new reality, a new market trend. These are new currencies and payment methods. As a result, many traditional investors have concluded that they should be in cryptography. Nasdaq gives more confidence to this concept.
“I believe that digital currencies will continue to persist. It’s a matter of how long it will
take for that space to mature. Once you look at it and say
“‘do we want to provide a regulated market for this?’ Certainly, Nasdaq would consider it”
The decisive factor for the cryptocurrency market
“If you were to rank interest in cryptocurrency on a scale of zero to 10, Friedman would be a six”
says Eric Ervin, CEO of Reality Shares. “She would help get the SEC comfortable with cryptocurrency trading. She would not passively wait for them to get on board. If the SEC wanted her opinion, she would give it a thumbs up.” he says.
Substantial capital slowly but confidently enters the crypto space
Comments Friedman should not be regarded as such that Nasdaq already uses the cryptocurrency in its trade. That is not true. However, this shows that Bitcoin futures are working. Other stock exchanges are also showing interest in cryptocurrency trading. Last year, the Moscow Stock Exchange said that it was building a platform to trade after the introduction of the rules.
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George Soros’s company for capital management for 26 billion dollars plans to trade digital assets. Adam Fisher, who oversees macroeconomic investments in the New York office of the Soros Foundation, told Bloomberg this month that the fund approved for trading in cryptocurrency.
Venrock, a venture company, associated with the Rockefeller family investment fund, in partnership with CoinFund, a hedge fund of crypto assets managed by Alex Felix in New York. Together they are looking for startups that also release their coins, announced CoinFund on April 6.
In the hope of luck
“If you think it’s too late to participate in what could be the most profitable market of all time, you are dead wrong,” says Ziad Abdelnour, president and CEO of the investment firm Blackhawk Partners. “The industry is still in its infancy despite the explosive growth over the last year.”
“There are hundreds of cryptocurrencies available — the trick is finding those that have the best odds of becoming viable long term “
To keep up with the times
Abdelnour believes that the Nasdaq is moving in step with the times. “The technological innovation at the heart of these currencies, the blockchain, is revolutionizing how business conducted,” he says.
“Dozens of major banks and money management firms have pending projects in this space, including Citi, Credit Suisse, UBS, and MetLife”
Reportedly, Goldman Sachs hired Justin Schmidt, the crypto trader. Barclays is considering a cryptocurrency trading platform. It estimated that about 56 financial companies are ready to enter the crypto-currency markets by the end of the third quarter.
“I think that this is going to happen sooner rather than later,” says the CEO of Reality Shares. “Investors are going to invest in cryptocurrency and follow the standard rules. The current security laws are not hard to follow: don’t commit fraud and treat investing in them like you would a muni-bond or any other security for that matter, because that is what these cryptocurrencies are becoming.”