Novogratz further emphasized that there were many bubbles in the past around innovative and revolutionary technologies such as the internet.

Among others, the dotcom bubble that even today, the main cause of using the word 'startup' instead of venture for instance overvalued projects by significant margins, with several companies selling at stock billions of dollars pump and dump by owning a domain or an online business.

The move is clearly intended to steal the thunder from fellow Chicago derivatives exchange CME, which announced on Friday, that it will list bitcoin futures on December 18.

Developing a regulated derivatives market is the next logical and crucial step towards advancing the broader digital asset market.

Although the futures have yet to begin trading, Cboe president Chris Concannon has already hinted that the exchange may soon launch futures contracts for ether and bitcoin cash, according to a Business insider report.

The introduction of sth in the eyes of both institutional and retail investors.

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over concerns that the unregulated markets could pose major financial risks.

What impact the U.K.’s steps will produce have yet to be seen, but it may just be another factor that maintains the strength of the cryptocurrency in the growing market

The ban could be reserved, the official added more on this further below

He also deemed bitcoin 'a bit of a Ponzi scheme', claiming that investors believe they can resell bitcoin at a more high price at a later time.

They have relegated cyptocurrencies to 'merely a source of speculation'

if only to allow professional investors take part whilest keeping retail everyday investors from participating in startup and company financing through cryptocurrency.

We didn’t think it was obvious to rush out a product and be first and settle against an index on a lot of exchanges that are not particularly transparent