Will Bitcoin Crash and Burn?!

CME Groups of Bitcoin futures become effective on Dec. 17 for trade on Dec. 18. The launch of CME Group’s Bitcoin futures market comes just a week after the CBOE launched their Bitcoin futures market on Dec. 11.

Futures contracts give investors exposure to the underlying asset, sush as Bitcoin, without investors actually having to own any. Instead, investors buy contracts that track the underlying assets price and they speculate on whether the contract price will increase or decrease by the contract expiration date.

The first contracts will expire on Jan. 17, 2018, and the first CME Group contracts will expire on Jan. 26, 2018. Because Bitcoin futures trading has never occurred before, this event could have a significant impact on the Bitcoin economy.

The whales could either bring the price up then pull out before the contract is up then buy the Bitcoin again at a VERY LOW price, or the second scenario would be that the whales would bring the price up and hold it, which nothing will happen. It also might just be another scare for use to think they will sell so we pull out and the price drops then they pick it back up at a discounted price. The only thing we can do is wait for these dates to come and see what happens.

If you want to read more and see where i got my information from, check out: https://cointelegraph.com/news/cme-bitcoin-futures-launch-possible-economic-outcomes

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