Early adopters can already use a financial instrument based on the main cryptocurrency (bitcoin), according to Coindesk.
Some clients of one of the largest American banks, Bank of America, have gained access to Bitcoin futures trading, Coindesk reports, citing sources.
According to one of them, some clients are preparing to make deals, and one or two are already doing it.
From April to the end of June interest futures Bitcoin fell more than doubled. The decline in interest in the financial instrument suggests that institutional investors are cautious.
In May, Bank of America conducted a survey in which it found out that Bitcoin is in demand among asset managers.
The survey involved 216 top managers with total assets under management in the amount of $ 625 billion.
Back in January, Bank of America chief investment strategist Michael Hartnett called Bitcoin “the worst of the bubbles.”
According to Hartnett, the meteoric rise of the main cryptocurrency (bitcoin) is the result of speculative mania.
Hartnett compared bitcoin price dynamics to past market bubbles. For example, with the events in the gold market in the late 1970s, when the precious metal rose in price by 400%.
