CME Trying to Control Bitcoin Prices much like Gold and Silver

in #cme8 years ago

CME Explores Cryptocurrency Derivatives Contracts in Patent Filing - CoinDesk

The CME is “exploring” the idea of creating cryptocurrency derivatives and this is very bad. If the cryptocurrency community wants to remain decentralized they need to keep the CME out. I believe the CME is trying to do the same thing as they are able to do with Gold and Silver. If they are able to succeed eventually the price/value of cryptocurrency will be determined by the derivative an not the actual coin. This same ponzi scheme has been used on Gold and Silver to the detriment of the industry and investors.

This will also give central banks and planners control over the cryptocurrency through leverage thus another manipulated market.