With Bitcoin prices smashing through one milestone after another and
mainstream financial institutions like CME Group, CBOE, and Nasdaq preparing to offer Bitcoin futures trading, you would think that investors would be beating down the doors to get in on the action.
Not exact matches
In a Q&A with AngelList founder Naval Ravikant at TechCrunch Disrupt on Monday, Buterin said that security is the biggest challenge to bringing blockchain technologies into the
mainstream, and that once it's sorted out, blockchain tech could steal business or even replace
financial institutions like Visa in a «couple of years.»
A recent post on the Clearmatics website, titled «No, Bitcoin is not the future of securities settlement,» provides a point - by - point analysis of the original Bitcoin whitepaper by Satoshi Nakamoto from the point of view of the
financial establishment, and a clear outline of the reasons why banks and
mainstream financial institutions won't touch permissionless blockchain networks
like Bitcoin.
Meanwhile, traditional
financial institutions like JP Morgan, Bank of France, Coutts Bank were staunchly opposed to cryptocurrency adoption — as was reported by numerous
mainstream news outlets.