WSJ identifies Bitcoin as the best investment, Regulators ready to approve Ethereum futures
Wall Street Journal (WSJ) has taken out an article (premium article) where they track every financial asset’s year on year growth. Bitcoin (BTC) tops the list with more than 50% year on year growth.
Apart from Bitcoin, other assets that were tracked includes, US Crude oil with an average of more than 35% year on year growth. S&P 500 followed U.S Crude oil with an 18% year on year growth. Lean Hogs, Copper, Corp. Bonds, and lastly Gov. bonds showed less than 10% growth.
Regulators are Ready to Approve Ethereum Futures
Ethereum investors and traders can rejoice as Regulators seek to approve Ethereum futures, claims a CFTC insider.
The U.S. Commodity Futures Trading Commission (CFTC) conducted market feedback in December. CFTC published a “Request for Input” (RFI), calling all blockchain experts to learn more about the second largest cryptocurrency. The RFI indicated the CFTC’s desire to approve Ethereum futures.
Ethereum currently is an unregulated cryptocurrency. By approving Ethereum futures, Ethereum will most likely directly come under the federal jurisdiction.
Moreover, approval of Ethereum futures would also bring a new fresh wave of institutional money in the Ethereum ecosystem. Bitcoin’s rise to $20,000 is partly credited to the approval of Bitcoin futures in 2017. Currently, CME Group and Cboe Global Exchange offer an investment into Bitcoin Futures.
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