Bitcoin is now officially mainstream. According to BTC Geek, Bloomberg terminal users can now look up Bitcoin’s pricing history. Data comes from ubiquitous Bitcoin exchange service Mt. Gox as well as Tradehill.
For now, only Bloomberg employees can access the ticker. But the feature should make its way to regular Bloomberg terminal customers under the label XBT. The ticker probably shows what a bitcoin is worth in U.S. dollars over time.
So far, trading Bitcoins have remained a hobby activity as volatility is very important. It’s hard to predict price changes due to the lack of tools and the relatively low number of Bitcoin traders compared to currency traders. One of the most efficient tickers is Bitcoinity, but Bloomberg terminals could become the de facto standard for traders. The feature proves that investment banks are interested by the cryptocurrency.
With the Bloomberg terminal, traders could easily compare…
View original post 232 more words