You’ll soon be able to bet on Bitcoin’s future value on NASDAQ

bitcoin stock
Vyacheslav Prokofyev/TASS/Getty Images
A smart (or lucky) few predicted that the Bitcoin cryptocurrency’s value would rise to the heady heights it has hit at the end of 2017, but if you think it will go far further, or go down, you may be interested in the NASDAQ stock exchange’s upcoming futures contracts. They will effectively allow anyone to bet on the future of the Bitcoin currency.

At the start of 2017 a single Bitcoin was hovering around the $1,000 mark per coin. At the time of writing it’s just north of $10,000 on the back of a recent surge and a general upswing throughout the year. Some now predict that in the years to come we’ll see that figure expand even more and NASDAQ is now looking to profit from it by enabling investors to take positions on its future value.

The NASDAQ exchange now joins the likes of Chicago’s CME Group, which claimed earlier this month that it too would soon introduce futures contracts for Bitcoin, as per The Verge. This should see an even greater interest in the currency, but also a more weighted stake in its rise and fall. As The Verge points out, derivatives of that sort focused on mortgages led to the financial crash in 2008.

That has some cautious about Bitcoin’s immediate future. Suggesting that initial coin offerings (ICOs) of new cryptocurrencies, often funded by Bitcoin, were a major driver of its value increase in 2017, financial analyst Josh Brown claims that we could be heading for a cryptocurrency crash. Not that that will stall Bitcoin and its fellow currencies forever, but it may mean a bursting of the cryptocurrency bubble is necessary to really see the currency’s true potential.

Whatever you think the future of Bitcoin and other cryptocurrencies is though, with the introduction of futures contracts at various financial institutions, you’ll soon be able to bet on the outcome. NASDAQ’s own implementation is slated to begin in the new year.

If you’re just learning about Bitcoin and are interested in investing or using the cryptocurrency yourself, it’s important that you learn as much about it as possible first. Here is our guide to everything you need to know about Bitcoin, and another on how to buy your first Bitcoin.

Computing

How the Google Stadia could lead to a new era of multi-GPU gaming

Google's Stadia could use more than one graphics card to deliver the high-performance visuals it's promised. If that leads to better developer support for multi-GPUs, could that mean gaming with two or more graphics cards could finally be…
Wearables

Fossil is working on a smartwatch with BMW, and it’s coming next year

Fossil, the watch company that makes smartwatches under its own name and partners with other major brands too, intends to launch a smartwatch with car manufacturer BMW in the future.
Movies & TV

Disney completes its $71.3 billion purchase of 21st Century Fox

Now that Walt Disney Company has closed its $71.3 billion purchase of 21st Century Fox's movie and television assets, what does this future hold for franchises like X-Men, the Fantastic Four, The Simpsons, and the rest?
Mobile

Leaked ZTE concept phones are crazy, possibly fake, and totally worth seeing

Renders of what may be ZTE concept phones may show how the manufacturer could avoid using the notch on future devices. They're crazy -- and maybe not even real -- but they're definitely worth looking at.
Mobile

Got gadgets galore? Keep them charged up with the 10 best USB-C cables

We're glad to see that USB-C is quickly becoming the norm. That's why we've rounded up some of the better USB-C cables on the market, whether you're looking to charge or sync your smartphone. We've got USB-C to USB-C and USB-C to USB-A.
Deals

Looking for a Chromebook? The Google PixelBook just got a $200 price cut

Once relatively obscure, Chromebooks have come into their own in a big way in recent years. One of our favorites is the super-sleek Google Pixelbook, and it's on sale right now from Amazon for $200 off, letting you score this premium laptop…
Computing

Nvidia’s GTX 1650 graphics card could be just a slight upgrade over the 1050 Ti

Rumors suggest Nvidia might soon launch the GTX 1650, and a leaked benchmark listing from Final Fantasy XV suggests that the new graphics card could be just a slight upgrade over last generation's GTX 1050 Ti. 
Computing

Get ready to say goodbye to some IFTTT support in Gmail by March 31

If This Then That, the popular automation service, will drop some of its support for Gmail by March 31. The decision comes as a response to security concerns and is aimed to protect user data.
Computing

Get the new Dell XPS 13 for $750 with this limited-time deal

Dell is currently running a limited time deal lasting through Thursday, March 28, where you can bring home a version of this year's new XPS 13 for around $750 with the use of a special coupon code. 
Mobile

This is the easiest way to save your iPhone data to your computer

Living in fear of losing your contacts, photos, messages, and notes on your iPhone? Fear no more -- in this guide, we'll break down exactly how to back up your iPhone to your computer using Apple's iTunes or to the cloud with iCloud.
Mobile

Here are the best iPad Pro keyboard cases to pick up with your new tablet

The iPad Pro range can double as laptops, but they do need proper keyboards to fill in effectively. Thankfully, there are loads to choose from and we rounded up the best iPad Pro keyboard cases right here.
Computing

Microsoft’s Clippy came back from the dead, but didn’t last very long

Before Cortana, Alexa, and Siri even existed, Microsoft Clippy dominated the screens of computers in the 1990s to help assist Microsoft Office users when writing letters. He recently made a bit of a comeback only to die off again.
Computing

Nvidia faces attacks from AMD, Intel, and even Google. Should it be worried?

Nvidia announced an expanded array of RTX server solutions designed to leverage the power of ray-tracing at GTC 2019. The effort will help Nvidia take on Google's Stadia in game streaming with GeForce Now, and the company's investments in…
Computing

How 5G networks will make low-latency game streaming a reality

Faster speeds and more bandwidth are some of the many promises that 5G can deliver, but for gamers, the most important thing is low latency. To achieve low latency, carriers like AT&T and Verizon are exploring hybrid models for game…