Published on November 14th, 2017 | by bitcoin0
Britcoin Bears may recieve teeth from CME’S Bitcoin Futures Market
CME’s Bitcoin futuresCME’s announcement that it would launch Bitcoin futures in December 2017 provided a boost to Bitcoin’s price.
The expectation is that Bitcoin futures would lend legitimacy to the asset class and you could see institutional investors entering the Bitcoin market.
If Bitcoin futures were approved by the CTFC, then it would also be difficult for the SEC to block Bitcoin ETFs as the underlying would be a regulated asset.
The launch of Bitcoin futures would provide bears with a means to short large quantities of Bitcoin; something which they cannot effectively do today.
Bears bewareBitcoin futures may provide Bitcoin sceptics with a way to short Bitcoin, but that does not mean that it would be a successful trade strategy.