Nasdaq Plans To Become Cryptocurrency Exchange
This is huge news with the CEO of Nasdaq saying they would consider becoming a cryptocurrency exchange. One caveat is that Adena Friedman said she is waiting for the market to mature. I anticipate she sees the threat to cryptocurrency as the fact that we don’t know for sure which currencies will be around in the coming years. She is waiting for the dot-com like bubble to burst which is an excellent strategy for managing the risk.
The fact that Nasdaq would even contemplate this plus the big money from Wall Street going into cryptocurrency is a very positive sign of where the industry is heading. The coins that survive the bust will become incredibly valuable and I think Bitcoin is one of them dispute its many issues and drawbacks. It is a tricky call, with one risk of course being hardforks. After more Bitcoin scams and hardforks will people possibly lose interest in Bitcoin or will it increase interest in the real Bitcoin?
Either way it may be a bumpy and turbulent ride, but cryptocurrency is looking like its about to create its own economy. Trading cryptocurrency is not the issue though, as we still wait the “messiah coin” which will hopefully resolve the many issues that we have today. I’d like to see a coin that does everything right or most things right rather than focusing on just a single aspect.
The time will come and the market will follow. Everyone hold on things are about to keep getting interesting in 2018!