The potential market for Bitcoin is huge

Bitcoin prices rebounded in the Asian session on Tuesday (August 11), recovering more than half of the overnight losses.

The quotes released by BITSTAMP showed that Bitcoin/US dollar (XBT/USD) fell from around 267 to below 263 yesterday, but rebounded during this trading day and returned to around 266.

The quotes released by KRAKEN showed that Bitcoin/Euro (XBT/EUR) plunged from above 245 to below 241 yesterday, but also gradually rebounded to the 243 level during this trading day.

In terms of industry, Blythe Master, the commodities queen of Wall Street, believes that Bitcoin technology can reshape the operating model of the financial market and the potential market is huge.

Master was part of the executive team at JPMorgan that created the credit default swap market in the 1990s and later headed JPMorgan's global commodities strategy.

Master believes that just as cryptocurrencies work in Bitcoin trading, all derivatives from stocks to bonds can be exchanged and paid for in the same way.