Wealthy Man Group fund: If CME succeeds, we’ll work with Bitcoin too

Yesterday, one tweet from Reuters has confirmed what many market analysts might have already foreseen: the decision of CME Group to work with Bitcoin has stimulated its rivals to pay more attention to this cryptocurrency as well. This is why, according to the report, the representatives of the hedge fund firm Man Group now tell they would add Bitcoin to their “investment universe” if CME succeeds.

CME Group CEO has announced the launch of Bitcoin futures at the second week of this December, so it will not be a very long time for Man Group to wait and decide if the business worth the risks. And, of course, the cryptocurrency market and the price of Bitcoin are going to grow during the launch time, because Man Group has five investment engines that manage $103.5 billion, and even without this firm, CME Group is, too, very powerful organization.

In the article that followed the tweet of the aforementioned outlet, the representative of Man Group is quoted as saying the following:

“Conceptually digital currencies are an interesting thing. It’s not part of our investment universe today – it could be. If there is a CME future on bitcoin, it would be.”

“There is a big difference between a digital currency and a traditional currency...Traditional ones are supported by governments who have armies and tax men that can make people follow their rules, and digital ones don‘t, but that doesn’t invalidate digital currencies at all.”

The representative was none other than the CEO of the company Luke Ellis, who spoke at the Reuters Global Investment Outlook Summit in London.