{"id":16477,"date":"2015-04-06T18:00:54","date_gmt":"2015-04-06T17:00:54","guid":{"rendered":"https:\/\/ktsl888.com\/?p=16477"},"modified":"2020-10-07T11:34:26","modified_gmt":"2020-10-07T11:34:26","slug":"bitcoin-needs-money-reduce-volatility","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-needs-money-reduce-volatility\/","title":{"rendered":"Bitcoin Needs Hot Money to Reduce Volatility"},"content":{"rendered":"
Bitcoin\u2019s adoption by mainstream consumers has been severely limited by several factors including high volatility, lack of regulation, improper infrastructure, scattered interests, and others. But even with these, the Bitcoin ecosystem has been attracting research interests from industry-leading names such as Bank of New York Mellon<\/a>, UBS<\/a>, and IBM<\/a>.<\/p>\n Well aware of the risks and challenges that Bitcoin poses, U.S.\u2019s biggest prop trading firms and investors are also diving into the Bitcoin industry as they see huge potential for big profits in trading Bitcoin. \u00a0With \u201chot money\u201d \u2013 the term generally used for investments from wealthy investors and firms \u2013 expected to steadily move into the digital currency, many are anticipating lower volatility and higher acceptance of the cryptocurrency.<\/p>\n Among the leading proprietary trading firms is, Digital Asset Holdings, a Bitcoin financial services firm launched last month under the aegis of the renowned DRW Holdings LLC<\/a>. Cumberland Mining & Materials LLC, a DRW subsidiary, has \u201cbegun to experiment with cryptocurrency trading,<\/strong>\u201d DRW said.<\/p>\n Jersey City, N.J.-based KCG Holdings Inc<\/a> recently offered bids to buy shares of the Bitcoin Investment Trust<\/a>. KCG spokeswoman Sophie Sohn said that, \u201cthe firm is actively exploring various opportunities related to Bitcoin.<\/strong>\u201d<\/p>\n