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Nasdaq Plans To Offer Bitcoin Futures In Early 2018 (engadget.com)
An anonymous reader quotes a report from Engadget: Nasdaq is planning to launch contracts for bitcoin futures in the first half of 2018, according to The Wall Street Journal, which will enable investors to predict and put money on the future price of the currency. The Wall Street Journal also reports that broker Cantor Fitzgerald will be launching bitcoin derivatives on its own exchange in the first half of next year as well, making for yet another brokerage to help make bitcoin a more mainstream financial instrument. The relative youth and volatility of the currency still keeps many investors away, of course, but bitcoin is probably here to stay, even if this is just a bubble. New uses for regular folks to spend with the currency continue to rise, like the UK Visa card based on bitcoin and Square's testing of the currency in its payment app.
There is a difference between a bubble and legit growth. Apple seizing the MP3 player, tablet, and smartphone markets is growth. BitCoin expanding is also legit growth, and it only has started to hit the marketplace. I wouldn't be surprised to see one BTC being over $100,000 soon and staying there, just because the Chinese need a currency to move their assets to, and the world is tired of the FED, QE, and fiat currencies. BitCoin only has a limited amount of currency, so it isn't like Satoshi is going to be adding 100 million more coins to the pool. The only worry is one group owning 51% of the currency, and that just isn't going to happen.
BTC's value is still in its infancy, similar to how Apple's stock only started to climb in 2002 after the iPod gained traction.