Bitcoin is back in the news as its price continues a meteoric rise, with the cost of a single coin breaking $10,000 yesterday. Today, it was reported by several major publications that NASDAQ, the second largest stock exchange in the world, plans to launch futures contracts for Bitcoin next year. That would allow investors to bet on the rise and fall of the cryptocurrency, profiting if they are correct about the direction of its future price.
NASDAQ is hardly the first player from the traditional finance world to jump on the Bitcoin bandwagon. At the start of this month, Chicago’s CME Group said it would begin providing futures contracts on bitcoin as well. As The Verge reported this morning, while many well-known bankers and investors...
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