Bitcoin Rises―Again

Bitcoin is rising―up over 5% on Friday. The asset’s rise since again. That may not be the case by the time you read you read this, but the rise over the last three months has again sparked institutional investor interest in what’s become an alternative asset. We talked to Peter Stern, director of sales at CF Benchmarks, a bitcoin index provider, at the February meeting of the Chicago Payments Forum:

“There is increasing institutional buy-in (with bitcoin). A big story last week was BlackRock: two of their larger mutual funds added to their prospectus that they now have the ability to trade CME bitcoin futures. That would never have happened just a few years ago.”

Collin Canright