Since 2017 onwards, there are two bitcoin is the future, products will be launched, and from that moment on, investors can sell short on the bitcoin exchange rate. Many people claim that this is the reason why the bitcoin price by the end of 2017, in each other and shuddered, but there is also the question of the design of the game.
Contents
As the price approaches the true value
According to the Skew Markets include futures products, to ensure that the price of bitcoin, the true value is approached, especially in the end of 2018. That could be because of the products, such as perpetual contracts and swap contracts, which are similar to the traditional derivatives, but not the decay or the date of.
In Futures markets, the improved magazine radically in the price discovery process for bitcoin – it really kicked off in 2018, and it was led by BitMEX & its perpetual swap, product
The final rip to be $20k + in Q4 2017 and might not have happened in the first place, with a more developed futures market https://t.co/b99lxBgpwt pic.twitter.com/qm1QUtI17v
— skew (@skew_markets) October 23, 2019
The Crash is inevitable
The crash from the $ 20,000 it was inevitable, then, are two large exchanges futures products will launch at the top of the bullrun. Within a month, rose bitcoin of 7500 dollars will go to the highest point ever, at $ 20,000.
The Commodity Futures Trading Commission (CFTC), the Us DIM, but only for the derivatives markets. This authority adopted on december 1, 2017 as well, is that futures contracts are traded if, at the Chicago Mercantile Exchange (CME) and the Chicago Board Options Exchange (CBOE). On the 18th of december, the two products have already been offered, one day after the bitcoins height.
To go Short, it is only logical
It goes without saying that the majority of investors to short would be to go after such a big run-up. There is now talk that the U.s. government’s deliberate that the two futureproducten approval for the bubble to burst, and what they saw as unchecked bull run to the end.
The long arm of the Trump
In a conversation with Coindesk, says former CFTC chairman and Christopher Giancarlo and that he, on behalf of the government, He and the bubble has burst.
“One of the neglected stories of the last few years, the CFTC, the Treasury, the SEC, and the executive director of the National Economic Council, and Gary Cohn, also believed that the launch of bitcoin contracts for the bubble could be bursting. And it worked out.”
So far, the course is not the same as at the end of 2017 and it seems unlikely that an increase in such a short amount of time could ever stop. If it appears that bitcoin is on a huge growth spurt over and over, then the united states government, and their remedial resources already provided.
Wait for Ethereum the same fate?
There is evidence that futures contracts on the Ethereum next year to be launched. It is expected that they have a very different impact than that of the bitcoinfutures. This is because the ether is still far from its highest point.