Wednesday, November 8, 2017

CME Emeritus Chairman Leo Melamed Says That Bitcoin is a Bullish Cryptocurrency and That They Will Classify as New Asset Class




The Most Popular Traffic Exchange


CME Emeritus Chairman Says That Bitcoin is a Bullish Cryptocurrency and That They Will Classify as New Asset Class

CME Group chairman emeritus Leo Melamed is bullish on bitcoin, predicting the cryptocurrency will go on to become a new asset class alongside gold and traditional stocks.
CME Group Inc. (Chicago Mercantile Exchange & Chicago Board of Trade) is an American financial market company operating the world's largest options and futures exchange. It owns and operates large derivatives and futures exchanges in Chicago, New York City, and exchange facilities in London, using online trading platforms.[3][4]It also owns the Dow Jones stock and financial indexes, and CME Clearing Services, which provides settlement and clearing of exchange trades. The exchange-traded derivative contracts include futures and options based on interest rates, equity indexes, foreign exchange, energy, agricultural commodities, rare and precious metals, weather, and real estate.[5] It has been described by The Economist as "The biggest financial exchange you have never heard of."[6]
Leo Melamed, widely recognized as the founder of financial futures and the former chairman (chairman emeritus) of the CME Group, sees bitcoin going beyond being a cryptocurrency to becoming a new asset class in its own right.
In an interview with Reuters, the legendary financial figure spoke about the CME Group’s plans to launchbitcoin futures contracts this year. Melamed expects the launch to open the floodgates for major institutional investors enter the bitcoin space and went on to claim that the CME Group will “tame” it toward mainstream acceptance while playing under regulatory rules.

He told Reuters of the upcoming launch of the futures contract of bitcoin:
That’s a very important step for bitcoin’s history…We will regulate, make bitcoin not wild, nor wilder. We’ll tame it into a regular type instrument of trade with rules.
Melamed further revealed he was a bitcoin-skeptic initially, but the 85-year old financial pioneer soon saw similarities between the cryptocurrency and the International Monetary Market (IMM) currency futures trading he launched as CME’s chairman in 1972, which is now one of CME’s four major divisions. He now sees the possibility of bitcoin representing a new asset class based on blockchain technology, beyond being a transactional P2P cryptocurrency.
He stated:
The world in the 1970s didn’t look at currency trading as a valid instrument of finance. I too went from not believing (in bitcoin) to wanting to know more.
Fueled by support from the world’s largest exchange owner, bitcoin prices have soared above $7,500 since the CME Group’s announcement last week.

Melamed’s outlook on bitcoin is in marked contrast to that of JP Morgan Chase chief executive Jamie Dimon, who called bitcoin a “fraud” in September. For Melamed, bitcoin represents new technology, technology that leaves naysayers obsolete.

In statements reported by Reuters, Melamed said:
My whole life is built abound new technology. I never said no to technology. People who say no to technology are soon dead. I’m still that same guy who believes in, at least examining change. That’s what bitcoin represents.

References:

1. CME:  https://en.wikipedia.org/wiki/CME_Group

2. https://www.cryptocoinsnews.com/important-step-bitcoins-history-cme-heralds-new-asset-class/


===============================================================================


MY MOST RECOMMENDED INVESTMETN PLATFORMS;


1) Forsage is 1st Decentralized Blockchain built in Smart Ethereum Contract and has been in Online Crypto Space about 124 days since inception last 6 Feb. 2020 up to this Writing (11 June 2020) has produced outstanding results below; (But Note in the Philippines only 65 Days  from 6 April to 11 June 2020 we reached 20,000 Members).

224,685 PARTICIPANTS GLOBALLY
+5,551 JOINED EVERY 24 HOURS
154,897 EARNED ETHEREUM TOKENS
$37.66 M USD PAID-OUT

Forsage is Decentralized Global Paluwagan designed in Smart Ethereum Contract. In Decentralized Application System or Dapps there is no CEO, No Admin, No Third Party and No Human being involvement to scam our Ethereum token capital. Once the program is deployed in Smart Ethereum Contract in Gethub you can't get back the system or alter it but you can add the script to improve and innovate. Likewise, once you joined Forsage, your Ethereum capital will place in X3 and X4 Matrix or Cycle Program and once the cycle is completed you'll earn double of you capital in X3 Matrix/Cycle and triple of your capital in X4 Matrix/Cycle. Total 5X of your Capital in the form of Ethereum Tokens.

WHAT I LIKE MOST IN FORSAGE YOU FUND ONLY ONCE YOUR SLOT NUMBER AND YOU CAN EARN LIFETIME PROFITS EVERY TIME YOUR SLOT IS CYCLED FOR X3 AND X4 CYLCES. SO THIS IS UNLIMITED INCOME WITH ONE TIME FUNDING AND THIS IS POWERFUL COMPENSATION SYSTEM THAT NO BODY DESIGN EXCEPT LADO OKHOTNIKOB (RUSSIAN PROGRAMMER) WHO BELIEVED THAT HE IS A RELATIVE OF VITALIK BUTERIN IN MOTHER SIDE (RUSSIAN PROGRAMMER ALSO WHO FOUNDED AND DEVELOPED ETHEREUM TOKEN (RANK 2 OUT OF 5,500 CRYPTOCURRENCIES IN COIMARKETCAP NEXT TO BITCOIN)

Don't passed up this opportunity and take massive action NOW!

You can start your initial capital to finance Slot #1 to Slot #3.

Slot #1: 0.025 Eth
Slot #2: 0.05 Eth
Slot #3: 0.10 Eth
Total = 0.175 Eth for X3 Matrix/Cycle

Slot #1: 0.025 Eth
Slot #2: 0.05 Eth
Slot #3: 0.10 Eth
Total = 0.175 Eth for X4 Matrix/Cycle

Total Initial capital: 0.175 Eth x 2 = 0.35 Eth x $237= $93 + $15 Gas fee + $15 Blockchain fee= $120 or P6,000

How To Register in Forsage?

1) Using Android Phone. Download MyTrust Wallet who owned by Binance from google playstore watch this video presented by my upline. https://www.facebook.com/watch/?v=1125965491092002. After registered in your Trust wallet you must deposit minimum of 0.065 ETH before clicking my link: https://forsage.io/i/gq1pxa/ Use my ID #75780 as your sponsor to confirm during your registration process..

2) Using Loptop or Desktop: Download Meta Mask: https://metamask.io/download.html and add to your google add extension. After adding to google extension click there and create your my ether wallet address account #1 up to infinity myether wallet accounts if you wish to register your wife, children and friends who have no loptop or desktop you can use account 2, 3, 4 etc.. this you can create more ether wallet and don't forget to always save the private key for each account and after funding of 0.065 Eth you can now register here in my link.https://forsage.io/i/gq1pxa/ Use my ID No. 75780 as your sponsor.

Forsage 5 Min.Video Presentation: http://tiny.cc/forsage5mvideo
Founder and Developer of Forsage Q and A: https://youtu.be/W9-pJEGE7uk

Founder and Developer Lado Okhotnikob:

Join with us at Forsage International Eagles' Team: https://www.facebook.com/groups/257364015593059/


2) XOXO NETWORK:

Is the #2 100% Decentralized Ethereum Blockchain designed in Smart Contract. XOXO is a single straight matrix where you can refer only one people and you are done.
There are 7 Pools to join and fund each pool
using ethereum token;

Those you refer will also refer one and you are done. RefLink: https://xoxonetwork.io/register?id=11958

Note: What i'd like most in Xoxo Network if you refer two friends only your 100% capital will be returned to you and you keep earnings every cycle with one time funding only.


3) 3XCapital (Today is Pre-Launching and will normally launching on 4 July 2020) Earn 1.87% daily including Saturday and Sunday. And make your capital grows up to 300% after 160 calendar days without referral. The group of Professional Elite Traders are trading your capital using Ai-Robot and Manual Trading: https://bit.ly/3xcapital7

Interviewed by my Direct Upline Cryptodon with the 3XCapital Founder and CEO Dev Leon: https://youtu.be/DrJLAZG_X_k

Join XCapital Dev Leon at DEV in discord https://discord.gg/P5GHRms


4) Hashing Ad Space (Note: Many Fil-Am became Milllionaires already because of holding their Asimi Token Value, Asimi token is used by Hashing Ads Space when you buy ads or stake): Buy $100 Asimi Token from waves.exchange and Use for Log-in Minting/Staking and my investment grows 15% already or if you have no capital you can still join and earn asimi tokens by watching 50 ads per day: https://tiny.cc/hashingads7

Follow us in youtube channel: https://tiny.cc/youtubebeyondtrading

Follow us in Binance Philippine Team:
https://tiny.cc/binancephilippines and get 50% discount of all your trading transaction fees: https://tiny.cc/bnb50discount

For Pinoy need locat bitcoin btc wallet: http://tiny.cc/coinsph7


For Foreigners international bitcoin btc wallet: http://tiny.cc/coinbase7 or http://tiny.cc/coinpayments7

No capital? No Problem you can join here to collect your Free Airdrop coins and change it for money later after ico or ieo:

1) Free 750 Ecoins: https://tiny.cc/ecoin7
2) Free 3,600 bitcoinblack: https://bit.ly/btcblack7

Collect Free Bitcoin at Free Faucets:

1) Free coinpot, btc and altcoins: https://tiny.cc/coinpot7
2) Free cointiply coins and bitcoin: https://tiny.cc/cointiply7
3) Google chrome browser is not paying you try to download cryptotab browser while browsing you earn free bitcoin: https://tiny.cc/cryptotab7
4) Mobile Mining without affecting your wifi data and no battery drain pi network: http://tiny.cc/pinetwork7

Facebook, Twitter and Instagram are not paying you but in Minds Channel Social Media is paying you when you post, chat, share and comments and you'll received free minds token equivalent to $015 or P7.50 per token and you can change at Mainet Etherium or use to boast your ads. http://tiny.cc/minds7


Thank you for Trusting me!


Coach Rolly D. Custodio
Professional Elite Trader
World's Rank#53rd & #100th - 2019 BSAI & 2020 Binance World Spot & Futures Trading Tournament- (Participated by 10K and 25K Global Traders respectively)
Founder and Developer - 3 Up-scaling Trading Strategy
Average Winning Rate: 80% to 95%
Monthly Consolidation Profit: 20% to 60% (24 months straight)


#minds #forsage #forsageintleaglesteam #cryptopinoy #beyondtrading

1 comment:

Harry ibbe said...

Hello everyone, Are you into trading or just wish to give it a try, please becareful on the platform you choose to invest on and the manager you choose to manage your account because that’s where failure starts from be wise. After reading so much comment i had to give trading tips a try, I have to come to the conclusion that binary options pays massively but the masses has refused to show us the right way to earn That’s why I have to give trading tips the accolades because they have been so helpful to traders . For a free masterclass strategy kindly contact (paytondyian699@gmail.com) for a free masterclass strategy. He'll give you a free tutors on how you can earn and recover your losses in trading for free..