Bitcoin Takes Traditional Market by Storm
It’s the coin of the realm. The strictly digital cryptocurrency made its surrogate debut on traditional markets with the opening of futures linked to its value trading on the Chicago Board Options Exchange — a key step in bringing bitcoin mainstream. Within hours, January contracts climbed more than 20 percent to $16,000. Actual bitcoins, the world’s most popular virtual currency, hit a record high of more than $16,858 on Dec. 7 at one exchange, and other linked futures contracts begin trading on the Chicago Mercantile Exchange on Dec. 18.