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Title: [2018-09-19] Trading Legend Don Wilson: Asian Demand High for Bitcoin Futures Post by: cheefbuza on September 19, 2018, 07:28:49 PM https://bitnotcoin.com/trading-legend-don-wilson-asian-demand-high-for-bitcoin-futures/
Title: Re: [2018-09-19] Trading Legend Don Wilson: Asian Demand High for Bitcoin Futures Post by: timerland on September 21, 2018, 10:43:35 PM Pretty interesting read.
I wonder if Asia only has demand for bitcoin futures, or they actually want actual bitcoins. For example, it would make a lot more sense for citizens in China to be interested in getting actual bitcoins because they are able to take their foreign currency out of the country that way, while bitcoin futures are virtually just a speculative tool. Personally I'd rather see high demand for actual on chain bitcoins instead of futures, but hey, we can't control that. But this part mentioned in the article is what really is accurate, even though it's got nothing to do with any derivatives or whatever: Quote “There’s the argument about bitcoin as a store of value. But, more interesting to me, is the usefulness of bitcoin. The ability of transfer values without a trust in the system is hugely disruptive,” he said. |