Bitcoin Futures Begin Trading – Let The Madness Commence!

One of the things that I love about Bitcoin is that the fun never seems to end.  On Sunday, Bitcoin futures began trading on the Chicago Board Options Exchange for the first time ever, and within minutes the CBOE’s website crashed.  What a perfect metaphor.  Bitcoin and other cryptocurrencies are completely and utterly disrupting the global financial system, and the financial establishment is still groping for a cohesive response to this growing phenomenon.

For a long time the financial establishment seemed to think that if they just kept publicly trashing Bitcoin and other cryptocurrencies that they would eventually just go away.  In fact, earlier today I came across a story that talked about how Deutsche Bank is warning of a “Bitcoin crash” in 2018.  But what they don’t realize is that we have reached a tipping point, and the world will never go back to the way it was before.

And even though other global financial institutions are dragging their feet, an enormous threshold was crossed when Bitcoin futures were launched on the Chicago Board Options Exchange just a few hours ago…

On Sunday, the Cboe will finally launch its long-awaited bitcoin futures contract; the CME Group will launch its futures contract later this month.

This will surely add a new element to bitcoin, shifting it from a buy-side-only trade to introducing the ability to go long — or short. This should bring new, larger and institutional participants into the market.

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