Hi, I am new to the room and am a trader in the City (London) by profession. I generally trade 4 asset classes namely emini futures, treasuries bonds, the dollar/euro currency pair and crude oil futures. As you can imagine bitcoin is a heated subject on the trading floor. Most traders rubbish the idea of bitcoin as a legitimate currency, however I do think it has vast potential as a generally accepted store of wealth, in the same vein as gold at the moment. My reasoning for likening bitcoin's true potential to gold as opposed to the dollar for instance is that the value of gold like bitcoin lies in the fact that is deemed to be a hedge against inflation because it is limited in supply, and therefore should hold its value. While both gold and bitcoin can be exchanged for a limited amount of goods and services, their real value lies in the fact that they can be exchanged for dollars. What do you guys think? I am trying to out forward a thesis that will help allow for the trading of bitcoin at an institutional level - as a more reliable store of wealth.
