New York Stock Exchange Launches Bitcoin Price Index

[TampaAnimusVortex]

Here's for all those naysayers who predicted Bitcoin's death many many many times in the past...

Digital money for a digital world... and it's here to stay. It will be added to your 401Ks eventually, so fret, panic, whine, and complain about it now.

"The New York Stock Exchange (NYSE) has today announced the launch of a bitcoin price index (NYXBT).

NYXBT will represent the daily US dollar value of one bitcoin at 4pm (BST) and will be published on the NYSE Global Index Feed (GIF).

For a limited period it will also be viewable on the NYSE's website.

Thomas Farley, NYSE group president, said in a statement:

"Bitcoin values are quickly becoming a data point that our customers want to follow as they consider transacting, trading or investing with this emerging asset class.""

http://www.coindesk.com/new-york-stock-exchange-launches-bitcoin-price-index/

[tridim]

1. Well, if Wall Street likes it...

It must be legit!!!!11

The whole purpose of your special libertarian pseudo-money was to ~avoid~ indexing against the dollar.

[TampaAnimusVortex]

2. I know its hard to resist.

But maybe you should refrain from trying to sort every single thing into a hermetically sealed partisan world-view? Are hammers democratic or republican? Maybe a chair is republican, but a stool is democratic?

Inanimate objects don’t care about your inability to force everything into partisan pigeon-holes, anymore than the great volcano-god cares about your sexual preference.