Bitcoin Forum

Another bull factor for Bitcoin. The CME Group, the world’s largest derivatives exchange, has announced that it intends to launch bitcoin futures during the fourth quarter of 2017. Chicago-based CME Group made the announcement on Tuesday, explaining that the futures will be cash-settled based on the CME CF Bitcoin Reference Rate, a bitcoin price index it launched last year in partnership with U.K. firm Crypto Facilities.

This can make the price grow and attract more investors but at the same time at what price we are going to get that increase in value, economist are going to try to play the same trick they play on gold and in anything else they are going to  begin to print paper bitcoin and they are going to sell it and it is even possible this decreases the price of bitcoin artificially in the same way that the price of gold is kept down with paper gold.

Even more fuel for this rampage sponsored by Bitcoin in this last months. This will go until the next hard fork, and then we are done, or it is an story with no end? The Chicago Mecantile Exchange (CME) contribute with the last pump news, they will release a new Bitcoin fund in there market exchange. Being the biggest in the world, the new fund will be named CMECF Bitcoin Reference Rate (BRR) and it will be the daily reference of dolar/Bitcoin.