Libra really did a number on crypto in terms of bringing attention to crypto from everyday users but also unfortunately governments. Doing so ended up putting bitcoin under heavy pressure from governments to clamp down on cryptocurrency including bitcoin and start creating regulations on it. The simple fact is governments are scare of bitcoin because they can't control it and it could if large enough end up be a mass exodus of money from their country.

However moving on from that today we got some good news as TD Ameritrade finally launches their Bitcoin futures trading.

TD Ameritrade is one of the largest brokerage companies and has been seen to have launched Bitcoin futures. This is a result of an announcement made by them back in March of this year 2019 saying there was a large increase in demand for it from their customers.

TD Ameritrade holds about 1.2 trillion dollars in equity at the moment. However their move with opening up bitcoin futures should end up bringing them even more dollars for their business.

The other side news on this is that Bakkt's beta testing is also finally launched. This might end up finally be some moves towards mass adoption and easy access to bitcoin and other larger cap cyptocurrencies. The potential of money flowing in from large investors could be massive however there is a side thought I think that is important.

While these systems finally allow for large cap investors to dump money into bitcoin and crypto you also need to consider that like government they may also fear bitcoin. Sinking a large few million dollar investment into bitcoin could if it sinks cause a mass exodus of their wealth into others that have more control over bitcoin in terms on number of bitcoin held.

It does seem however that even though TD Ameritrade has opened these doors it has not played a big effect on prices yet in bitcoin. This might actually be showing us that large cap investors might not really be all that eager to dump their money into crypto.