Too Long; Didn't Read
Deutsche Bank predicted cryptocurrency will go mainstream by 2022 and eventually replace cash. Deutsche Bank said it expects it will be mainstream by 2020. Financial heavyweights have put money into cryptocurrency-related ventures. ICE plans to roll out a payment app, loyalty reward program, and merchant portal through its subsidiary, Bakkt. ICE announced Bakkt, TD Ameritrade bought ErisX, and CBOE sponsored a bitcoin ETF application. Morgan Stanley released a client-only report explaining why bitcoin serves an important role in diversified investment portfolios.