Bitcoin to arrive in Wall street next year!

[Jromz 2158]

Big news for adoption of cryptocurrencies are coming from S&P Dow Jones Indices (a division of S&P Global), one of the major index providers. 

This company has recently announced its plans to launch cryptocurrency indexing services in 2021 for more than 550 of the top traded cryptocurrencies.

 

These indices are planned to use data from the crypto data firm Lukka to measure the performance of top 500 cryptocurrencies by market capitalization. This is intended to provide reliable pricing data, reducing risks associated with high volatility, hence making it easier for investors to access cryptocurrencies. Clients will be then able to work with S&P to create customized indices. Interestingly, this move is expected to give cryptocurrencies the status of “mainstream investment”, as the companies involved consider the cryptocurrency market is "at a point of institutional interest in maturity".

This is just another sign of the burgeoning interest that large financial institutions and big corporations have been lately showing in Bitcoin and the cryptocurrency market in general. Famous examples include Japanese investment bank Nomura Holdings and PayPal. 

 

I see the following significant implications of this latest trend:

 

• Legitimization and credibility of the cryptocurrency market, leading to mass adoption.
• Bridging the existing gap between cryptocurrency ecosystem and traditional finances. 
• More institutional investors following this trend, with obvious consequences in the price. 

 

As always, I'm glad to read your thoughts, feel free to share them below at any time. 

 

 

[Ridam 7455]

This indices will definitely help in making the investment of Crypto currency to the next level and to introduce it to traditional investors too. This will open the door for huge new investors into the Bitcoin and the Crypto currency that are included in the indices. And we can finally say Crypto market is down today or up today just by looking the S&P index performance.

[Whited35 15285]

Excellent move !  At least it helps to boost up the adoption rates of crypto globally. Personally, I also wish to see top rated crypto currencies in the new indexes.After a long time of Bitcoin generation for this world, wall street finance will be welcoming the cryptocurrencies in 2021 😊 !

[Teminali69 1081]

This is a big move for cryptocurrencies, but I never get my hopes up until it's done, because most of the crypto moves are stopped by the governments eventually.

[MuhammadSh 3067]

This step will make more and more people attracted to join this crypto world and it will help more companies to adopt cryptocurrencies projects and this will affect positively on the whole crypto world and it will make it more popular for sure! 2021 would be really great for many cryptocurrencies especially because of the great situation of bitcoin during this period and all the positive news!

[talo122 735]

This if happened will be a great forward step for bitcoin and all other crypto currenceies, listing crypto in wall street will surely add more volume to the crypto market, wich i think will add more stabelity to the price of crypto. We hope this be very soon. 

[Barbarellah 2225]

Many well-known banks and large corporations have now started to place a large part of their capital in Bitcoin, which indicates that many can have a voice and vote to make the fact that Bitcoin and other cryptocurrencies appear on the stock market a reality for him. next year. Hopefully this does not have a negative impact in terms of fairness and justice with respect to the reach of cryptocurrencies by all the inhabitants of the world.

[reta213 766]

Everyone focuses on bitcoin and currencies at the end of the year, and this will have a great impact, and banks will be regulated and approved in order not to cause a problem for banking banks to become legal and put them up in most countries.

[Braulio Eurea 720]

Wall street is the main center of investment in the world, that is to say the most significant center of power on earth, which concentrates the world's economic power. Bitcoin is in the offing to enter this great financial economic center. This gentlemen is great news for all of us who in any way participate in cryptographic activity, if this action occurs next year we will be at the beginning of a bitcoin's rapid growth attack that will open a door to other cryptocurrencies.

[Artugul78 91]

Is it really a good time for Bitcoin at the present time? If we look at the Bitcoin market, we can see that Bitcoin is the most expensive of all coins.  Bitcoin is currently ruling the world of cryptocurrency so we hope that next year Bitcoin will definitely bring good results.

[Serbberq 724]

Bitcoin is actually progressing and having good progress that banks will actually first adopt bitcoin in cryptoworld before accepting other cryptocurrency project, because bitcoin is the one ruling the cryptoworld. 

[Syedbesharat 5423]

I have seen at some forex trading platform where the brokers have added BTC pair for trading and now the addition of index with reliable form who will arrange good frame work for more then 500 crypto currencies is big News for crypto community they will now see Crypto in mainstream and the non crypto users will reach to crypto easily this will work between the forex and crypto traders who can swing at both side at same platform. They are making crypto market strong the liquidity will increase of crypto as well the cap of market. Which will less the gap of both markets. 

[Amir bhai 464]

Due to this step the use of bitcoin and its price will be increase and their users also will be more and more so this step is good for every trader due to which every trader knows about bitcoin and they earn lots of money. So this is a huge step for every trader to reach bitcoin inthe wall street

[Cleaner 2549]

This news is great for users in the crypto world.  Because this will make users more interested in using cryptocurrencies.  As a result, the demand for coins will get better in the market.  And the price of the coins will be better  The price of Bitcoin is very good in cryptocurrency, the price of this coin will increase further.  Gradually many more companies will adopt cryptocurrencies.

[pablomarwan 3082]

Digital currencies are attracting the interest of many companies and new contractors. These interests led to the accumulation of a group of works and works that would make digital currencies more reliable and profitable, in addition to being adopted in daily life. A new contract will start for us. But now cryptocurrencies. The question posed about it is the right time to rely on it in our life and what would happen if the number of uses of the coin decreased.

[cryptovlek 2597]

Adoption is rising and we are in good place today to make some good bets in Bitcoin and altcoins. I suggest to have a portfolio for Bitcoin and altcoins as some will rise a lot and very soon. Make trades and don't sell too early because prices can rise very high. Cryptocurrencies are again in the mainstream and hype will follow.

[Dormilon 2183]

On 12/8/2020 at 3:11 AM, Jromz said:

Big news for adoption of cryptocurrencies are coming from S&P Dow Jones Indices (a division of S&P Global), one of the major index providers. 

This company has recently announced its plans to launch cryptocurrency indexing services in 2021 for more than 550 of the top traded cryptocurrencies.

@Jromz This movement towards the normalization of relations between large financial corporations and decentralized cryptocurrencies is strange, it seems that they try to control something that is not made for that, governments do not want to support digital currencies that they cannot control, that's why This move by Wall Street makes me very strange, I will wait for that day to believe that they are going to include cryptos within a legal status, but in this world everything is possible.

[zhoutong 2188]

What Bitcoin needs next is an ETF, this is the best that could increase adoption coming from Wall Street. Anything else will be under large taxation and while it can still be profitable it may not mean anything and only be some futures like CME. 

[Cryptomint 433]

On 12/8/2020 at 12:11 PM, Jromz said:

Big news for adoption of cryptocurrencies are coming from S&P Dow Jones Indices (a division of S&P Global), one of the major index providers. 

This company has recently announced its plans to launch cryptocurrency indexing services in 2021 for more than 550 of the top traded cryptocurrencies.

 

These indices are planned to use data from the crypto data firm Lukka to measure the performance of top 500 cryptocurrencies by market capitalization. This is intended to provide reliable pricing data, reducing risks associated with high volatility, hence making it easier for investors to access cryptocurrencies. Clients will be then able to work with S&P to create customized indices. Interestingly, this move is expected to give cryptocurrencies the status of “mainstream investment”, as the companies involved consider the cryptocurrency market is "at a point of institutional interest in maturity".

This is just another sign of the burgeoning interest that large financial institutions and big corporations have been lately showing in Bitcoin and the cryptocurrency market in general. Famous examples include Japanese investment bank Nomura Holdings and PayPal. 

 

I see the following significant implications of this latest trend:

 

• Legitimization and credibility of the cryptocurrency market, leading to mass adoption.
• Bridging the existing gap between cryptocurrency ecosystem and traditional finances. 
• More institutional investors following this trend, with obvious consequences in the price. 

 

As always, I'm glad to read your thoughts, feel free to share them below at any time. 

 

 

Already we can see now the many firms and institutions are on the list of accepting bitcoin and we will see it everywhere soon.... Thanks.

[Jromz 2158]

13 hours ago, Dormilon said:

@Jromz This movement towards the normalization of relations between large financial corporations and decentralized cryptocurrencies is strange, it seems that they try to control something that is not made for that, governments do not want to support digital currencies that they cannot control, that's why This move by Wall Street makes me very strange, I will wait for that day to believe that they are going to include cryptos within a legal status, but in this world everything is possible.

Sure, I agree with your view. Inclusion of cryptocurrencies in these traditional financial markets is somehow showing that there is a growing interest from giant corporations to kind of have more control over decentralized financial assets, such as most cryptocurrencies, for whatever purpose the may have in the future. Luckily though is practically impossible that one of these entities can take absolute control over Bitcoin.

[Sykkuno 2887]

It will be something that we didn't expect to have crypto in Wall Street trading, but I don't think it will be easy and most likely there won't be a lot of options. I don't think that Bitcoin will be listed either unless in some way that will limit the trading. We have to see some results of these studies as it could be jsut talk and nothing can come out of it.

[godislovefll 1880]

On 12/8/2020 at 3:11 AM, Jromz said:

Big news for adoption of cryptocurrencies are coming from S&P Dow Jones Indices (a division of S&P Global), one of the major index providers. 

This company has recently announced its plans to launch cryptocurrency indexing services in 2021 for more than 550 of the top traded cryptocurrencies.

 

These indices are planned to use data from the crypto data firm Lukka to measure the performance of top 500 cryptocurrencies by market capitalization. This is intended to provide reliable pricing data, reducing risks associated with high volatility, hence making it easier for investors to access cryptocurrencies. Clients will be then able to work with S&P to create customized indices. Interestingly, this move is expected to give cryptocurrencies the status of “mainstream investment”, as the companies involved consider the cryptocurrency market is "at a point of institutional interest in maturity".

This is just another sign of the burgeoning interest that large financial institutions and big corporations have been lately showing in Bitcoin and the cryptocurrency market in general. Famous examples include Japanese investment bank Nomura Holdings and PayPal. 

 

I see the following significant implications of this latest trend:

 

• Legitimization and credibility of the cryptocurrency market, leading to mass adoption.
• Bridging the existing gap between cryptocurrency ecosystem and traditional finances. 
• More institutional investors following this trend, with obvious consequences in the price. 

 

As always, I'm glad to read your thoughts, feel free to share them below at any time. 

 

 

Let's hope and this situation is fulfilled since cryptocurrencies are more popular every day and their acceptance in the world is more evident, and this article that he has written is a great example of this, cryptocurrencies are here to stay and create a new financial era.

[jappy 1129]

Hopefully these promises are fulfilled because cryptocurrencies do not stop growing and their prices will always rise due to demand and as soon as they continue their acceptance, they will undoubtedly increase.

[yulitzacalvete 1366]

This is totally very good news for cryptocurrencies, so keep waiting for more news like this so that one day we can be calm and be sure that cryptocurrencies will be accepted and without prohibitions in the world.

[percare 3192]

If this index gets approval to be listed in stock markets it will be very interesting. This will make all crypto market rise many folds and we should be having our eyes open for any of these news as wall street deals with trillions and any more funds stream for cryptocurrencies would be a huge boost.