Andreas Antonopoulos, the educator of Bitcoin (BTC), ensures that the future of the criptomoneda liquidated in cash could bring risks. He asserts that, although it may put a brake on the price of the digital currency, the stakes are different from what you might think. During an interview with the YouTuber “Ivan on Tech”, Antonopoulos made public their fears. He argued against the common fears about the adverse impact of the price that the trade of future of Bitcoin is in the spot prices. The center of your premise was that they are the speculators, not the HODLers, people who really have something to fear.
The reasoning of Antonopoulos
The future of Bitcoin traded on the Chicago Mercantile Exchange (CME) and the Chicago Board of Exchange (CBOE), have generated suspicion. This is because many argue that the price of Bitcoin is vulnerable to the manipulation of contractual agreements. In fact, in the interview Antonopoulos mentioned that: “we Know with certainty that when the bubble of Bitcoin began to increase really quickly in 2017, the U.S. Treasury decided to accelerate the implementation of the futures markets to stop the bubble.” However, he clarified that “a lot of people see it as a conspiracy, but if you look at the mandate of institutions such as the Treasury, that it is really his work”. The analyst cryptographic assured that the suppression of prices is not a matter of conspiracy. Instead, it is a market-based approach to allow those who do not believe in digital currencies to take a position contrary to the shorten. This has reduced both the price and the volatility of the asset.
A great risk
It is undeniable to admit that there are risks in the industry cryptographic. But, for Antonopoulos, there are some situations more risky than others. For example, according to the analyst, it is really dangerous to try to get involved with the future of Bitcoin cash-settled. Mainly because the potential risk is unlimited. “If they (the institutional investors) face a situation of bubble renewed of Bitcoin and will continue adopting a contrary position in front of the market, they would be throwing fiat into a black hole”. There are already platforms that are implementing the future of Bitcoin cash-settled. As reported, the platform Bakkt of Intercontinental Exchange (ICE) has recently confirmed its upcoming launch of a futures contract for Bitcoin (BTC) paid in cash. Despite the warnings of Antonopoulos, it seems that the majority of operating platforms with the future of Bitcoin point to the cash settlement. The following two tabs change content below. I am a student of International Studies, interested in new technologies and their impact on the world. A true believer that tenacity is the foundation of success.