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- Terrance A Duffy asked the performance of Bitcoin in January, to which Duffy gave an optimistic response stating that Bitcoin has gained to more than 30% in its market value.
- Terrance A Duffy also said that the future of Bitcoin is also in safe hands because if individuals are investing more and more in this digital gold shared Terry.
- CME Group has been a prominent exchange platform in global markets company, and it owns derivatives, futures, and options exchange in New York and Chicago.
In the recent tweet shared by CNBC’s closing bell handle, it shared the interview on Terrance A Duffy, the CEO of CME exchange group. He was asked the performance of Bitcoin in January, to which Duffy gave an optimistic response stating that Bitcoin has gained to more than 30% in its market value.
"We're seeing more and more people participate in Bitcoin…more of save haven, similar to a gold trade," says .@CMEGroup Chairman & CEO Terry Duffy. pic.twitter.com/Gd0D9lGvoR
— CNBC's Closing Bell (@CNBCClosingBell) February 3, 2020
He calls it a haven as more and more people are buying it to protect their investments, the price of Bitcoin gained from $6000 mark to $9000 mark in just two weeks of January. He also said that the future of Bitcoin is also in safe hands because if individuals are investing more and more in this digital gold shared Terry.
CME Group has been a prominent exchange platform in global markets company, and it owns derivatives, futures, and options exchange in New York and Chicago. It also owns its subsidiary Chicago Mercantile Exchange.
As seen by reports, the recent market crash and economic slowdown, more investors and individuals are looking to invest in digital assets over the fear that their investments will follow a negative trend if they continue to invest in the traditional options of stocks and commodities. The main asset people are investing in Bitcoin, followed by Ethereum and TRON.
Bitcoin has, however, turned to the bearish momentum with 0.72% in average loss; it has a current market price of $9,215.87 but remains at the top position of rank #1 as per the data derived from CoinMarketCap.
It has the market capitalization of $167,731,950,393 and a 24-hour volume of $29,702,593,521; it has a current circulating supply of 18,200,337 BTC out of its total circulating supply of 21,000,000 BTC. It has gained some significant losses from yesterday at the rate of 1.20%, with totally losing $111.88.
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.
