Morgan Stanley has started clearing Bitcoin futures for clients, in a move that adds to the exposure of bitcoin to long-standing Wall Street institutions. Previously, only Goldman Sachs was doing the same on Wall Street, with TD Ameritrade and E*Trade making similar moves in the market.
\r\nWithin the bitcoin community there has previously been a reluctance to indulge in discussion over the creation of regulated bitcoin futures, but that has recently become a more divided issue. Detractors of such moves believe that it could lead to a manipulation by large financial institutions of the entire cryptocurrency market.
\r\nDespite this thought, the prevailing attitude currently is that in order for Bitcoin, and other digital currencies, to be viewed as a legitimate source of investment for the mainstream market, there will have to be some involvement by the large, global institutions. This would be in much the same way as any growing market trend and investments have required it in the past.
\r\nAlthough there isn\'t currently a swathe of institutions making a large impression in the bitcoin market, the more that decide to, the higher the value of the cryptocurrency is sure to become. This prediction is one of the reasons why the current slump in price isn\'t thought to be a burst in the bubble, but just another volatile swing in a long-term upwards trajectory.
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