Citi to Trade Bitcoin Futures?

<p><span style="font-weight: 400;">On this episode of “The Breakdown”:</span></p> <ul> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Surveys and reports detailing expected institutional adoption</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Citigroup to trade on the CME</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Global perception of crypto, CBDCs</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">NFT and DeFi on the rise</span></li> <li style="font-weight: 400;" aria-level="1"><span style= "font-weight: 400;">Bitcoin news from Michael Saylor, Blockstream and Substack</span></li> </ul> <p><span style="font-weight: 400;">Recent reports from Deloitte and Nickel Digital help set institutional and general public adoption expectations. Of 23 asset managers surveyed by Nickel Digital, more than half expected to increase crypto asset exposure by 2023, and a quarter to increase dramatically. Citigroup is one such investment company toying with BTC as the firm says it will trade bitcoin futures on the CME.</span></p> <p><span style="font-weight: 400;">From the global perspective, a Politico survey of U.K. adults revealed a distrust and misunderstanding of CBDCs, while in India, retail crypto investment is up with young citizens looking for alternative ways to make money after strict COVID-19 lockdowns.</span></p> <p><span style="font-weight: 400;">Visa’s CryptoPunk purchase fueled an NFT-buying frenzy, resulting in a daily sales volume record for Punks. DeFi on the whole, however, remains powered by experienced crypto enthusiasts, as the technological barrier to entry remains. Will NFTs bring more of the general population into DeFi?</span></p> <p> </p> <p><span style="font-weight: 400;">Bitcoin’s rally above $50,000 this past weekend was bolstered by institutional news: Michael Saylor’s MicroStrategy’s latest purchase of BTC, Blockstream’s $210 million Series B f