Cryptocurrency Revolution Has Spread To Wall Street

While Warren Buffett touts that he likened Bitcoin to “rat poison ” this week, the owner of the New York Stock Exchange (NYSE) is planning on letting customers buy and hold Bitcoin, The New York Times reported late Monday, May 7. This news comes just days after the publication quoted a Goldman Sachs executive, who appeared to confirm the Wall Street Investment Bank would debut Bitcoin futures “within weeks”.

The move would be the second Wall Street giant in a week to reportedly open up to crypto. The Intercontinental Exchange, Inc. (ICE) “has had conversations with other financial institutions about setting up a new operation through which banks can buy a contract, known as a swap, that will end with the customer owning Bitcoin the next day – with the backing and security of the exchange,” the Times wrote late Monday.

Forecast Graph:

Bitcoin BTC-USD based on a modified Bradley forecast method that measures both the Geocentric and Heliocentric potency of major planetary aspects.

Bloomberg Galaxy Crypto Index Horoscope
Bloomberg Galaxy Crypto Index Horoscope

Galaxy and Bloomberg launched the Bloomberg Galaxy Crypto Index (BGCI) today. The new Wall Street index fund tracks the performance of 10 digital currencies:

Current Cryptocurrency Weightings
Bitcoin 30.00%
Ethereum 30.00%
Ripple 14.14%
Bitcoin Cash 10.65%
EOS 6.11%
Litecoin 3.77%
Dash 1.67%
Monero 1.66%
Ethereum Classic 1.00%
Zcash 1.00%

“It’s almost essential for every investor to have at least 1% to 2% of their portfolio” in crypto, Novogratz, the CEO, and Founder of Galaxy Digital Capital Management told Maggie Lake on “Markets Now” on Wednesday. Novogratz said it’s “almost irresponsible” not to invest in Bitcoin

Bloomberg clients can access the index using the ticker BGCI Index.

Learn more about a financial consultation with William Stickevers here.

With a broad scope of political, economic, psychological, spiritual, and metaphysical knowledge, William Stickevers systematically explores possibilities about the future and how they can emerge from the present by weaving current secular trends, geopolitical factors, and mundane astrological portents.

William provides his clients with strategic guidance to achieve their goals, move through challenges gracefully, and make the RIGHT decisions. With vast knowledge of both “real world” circumstances and spiritual truths, William counsels his clients with expertise few astrologers have on the economy and how it affects the client; psychology, the subconscious, and the psyche; metaphysical and transpersonal growth; and effective strategy according to the client’s natal chart, transits, and economic environment.

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  1. Pingback: Bitcoin Forecast 2019 | WILLIAM STICKEVERS

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