With this step Bitcoin will increase the price

The move comes as the value of the digital currency was around 20,000 dollars on Sunday, before it fell to $19,000.

Last week, CBOE in Chicago started trading Bitcoin's future by betting on a future prize.

Bank Chairman UBS and former Bundesbank head Axel Weber joined the Bitcoi warning choir.

“Bitcoin is not pre-”, he said in an interview and urged regulators to intervene.

Meanwhile, French Finance Minister Bruno Le Muire has called for the issue to be discussed at the G20 summit of major economies in April.

The risk of speculation clearly exists. We need to examine this and see how... with all the other G20 members we can fix Bitcoin”, Mirey told the French news channel LCI.

Bitcoin prices have increased this year: a single bitcoin stood at less than 1,000 dollars in January and hit a record 19,783 dollars on Sunday, according to Condesk.

Analysts believe that CME's entry into the Bitcoin market will generate more interest in crypto-Mondean, perhaps pushing the highest price.

Investors can now bet if Bitcoin will have increase or decline in prices, without possessing it.

“Futures” are contracts that allow investors to bet on the price of something on a future date.

One of the conflicting aspects of Bitcoin is that some don't see it as a “item”.

Although it is called a coin, it may be argued that it is an asset, or a commodity, without any actual use or real value, the BBC writes.

Bitcoin was created in 2008 by an individual or group that called itself Satoosti Nakamoto and was the first digital currency to use cryptography successfully to conduct safe and hidden transactions.