CEO of the largest derivatives market in the US, Terry Duffy is confident, that digital money's reputation is changing for the better.

The success of cryptocurrency primarily depends on large countries, and not on institutional investors, stating Terry Duffy, the Head of the largest derivatives market in the USA CME Group. He added that the reputation of digital money is changing for the better; an example of this is the launch of JPM Coin's Altcoin from JP Morgan, which at first was sceptical of this class of assets and criticized Bitcoin in past.

"For cryptocurrency, which is just beginning to rise and spread, government support will be very helpful," Duffy said in an interview with Bloomberg.

According to him, there is a chance that the price of Bitcoin will rise to $ 8,000, but we cannot exclude the opposite option - that it will fall well below current levels. At the moment, the cryptocurrency has not yet reached the bottom, so in the near future it may become cheaper, warned CME GM.

KYCbench, your reliable KYC partner
GDPR & ISO/IEC 27001:2013 compliant

Please contact KYCbench today, the most reliable ID verification processor at: [email protected]

Join our Telegram Groups:
KYCBench Announcement
KYCBench Community