NYSE may find a Bitcoin hosting solution for institutional customers!

It was announced yesterday that the parent company ICE of the New York Stock Exchange will soon allow its customers to purchase Bitcoin.
Although this is not entirely clear, ICE did not formally announce this news, but there are many sources leaked, claiming that there is an internal tracking of such development.

The influence of this declaration is slowly emerging.

Based on the news we released today, it seems that they seem to start encrypted exchange contracts, at least at the very beginning.

This is a very big deal.
Why is this a major event you may want to know?

You see, these swap contracts will be BITCOIN SETTLED!

Tell me that these swap contracts will be BITCOIN SETTLED!

There is no cash settlement for futures and options contracts that exist like Bitcoin currently has.

Why is this important?
This means that the exchange and its traders will be able to actually settle the coins allocated to the contract.

This means that the actual Bitcoin market will actually be affected by this new product, which is the first time we have seen similar things on a large scale so far.

More importantly, doing this for ICE and the New York Stock Exchange means that they have found a solution to the trustee problem.

This is the crutch of all this...

According to many in Wall Street space, there is virtually no way to store satisfactorily real bitcoin, which is satisfactory for many regulatory agencies and has been a major obstacle to institutional funding.

The possible development of trading contracts provided by ICE and the New York Stock Exchange may mean that they have found a hosting solution that may meet SEC requirements and meet SEC compliance requirements.

What does this mean for the future of Bitcoin and cryptocurrency prices?
According to many people, this is the development and news that can open the door for various institutional funds.

The result may be a huge change in the cryptocurrency market, because the wave of institutional funds now has the legal option to enter this space.

Think about it, pensions and donations, real big money, will now enter this space for the first time.

The fact that Bitcoin has no real connection to any other asset class makes it very attractive for managers to allocate at least part of the portfolio to assets.

Bitcoin is about to abolish gold?
Most likely, new investment funds will come at the expense of other methods, and I think other aspects may be gold.

The reason is that Bitcoin can handle many of the things gold has done and it will only be better.

Sorry, gold, you have your time in the sun.

In the next two years, I would not be surprised to discover the major weaknesses of gold and the major advantages of Bitcoin and other major cryptocurrencies.

This news is probably the beginning of this trend.