About it, from people at bars, taxi drivers, to warren buffett. Even katy perry. The front page of the wall street journal had something to do. Bitcoin has had a meteoric rise. Today it zoomed past 11,000, surging more than a thousand dollars in just 12 hours. It is up about 1,000 since the start of the year. As quickly as it went up today, it lost some gains. Retail investors are taking notice. Now theres a push under way to create an etf. But as bob pisani reports, it reporter bitcoin is up more than 50 this month, it passed today. 1,000 mark before falling whats exciting investors is the expanding derivative market for crypto currencies. Its adding muchneeded legitimacy to this whole space. Last month ledger x, an institutional trading and clearing platform, they began trading bitcoin options. That was a big advance. In and out chicago mercantile exchange, the cboe, and the nasdaq all are set to roll out Bitcoin Futures soon. This is good news. Bitcoin futures will enable traders to
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
A 42 year high headline, low headline looks awesome but what is your forecast . Neil dwane probably in the next 18 months as we go through brexit negotiations you can see at the margins, unemployment will rise again. Would say is the u. K. Has done very well in the shortterm because the u. K. Consumer has borrowed and spent. Savings rates in the u. K. Have no collapsed to the lowest level possible and your headline is that there is a wage squeeze. Postbrexit, it will constrain the spending by the u. K. , if money isumers cheap, they borrow from the fed they now borrow and spend. The bank of england is worried about the system and all of the other things we have seen in the u. S. So everything has been pulled forward in the u. K. Which is why i am more nervous that we see a slowdown, even if we get the government be a more fiscally supportive. I dont think in the next 18 months that it is a good thing. Alix for the hawks are doves . Joshua feinman i dont think it will raise rates. Alix
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