![What the growth of bitcoin futures tells us about the future of bitcoin](https://s.wsj.net/public/resources/images/FN-AL579_FN_FIN_M_20201027105909.jpg)
Followers of bitcoin have, over the decade or so of the cryptocurrency’s existence, been presented time and again with evidence of its status as a brand new asset class into which institutional investors are piling. It is with some reluctance, therefore, that Fintech Files presents another such item.
However, after seeing the price of bitcoin leap roughly 50% to $15,000 in the past month, a year-to-date doubling in the number of firms required to disclose bitcoin positions to the US derivatives regulator seems significant.