Bitcoin may be a dramatic challenger to gold and government-backed money, but it isn’t going to replace the New York Stock Exchange anytime soon. At least not on its own. As revolutionary as Bitcoin is (one of the most exciting innovations of the 21st century), its real-world financial applications remain somewhat rudimentary. Sure, users can buy goods or services with Bitcoin, and they can save or invest in Bitcoin and watch the value shift up and down. But the Bitcoin blockchain can’t run stock options. It can’t set up ETFs or perform derivative trades. The next steps for blockchain finance Cryptocurrencies…
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