In a couple of days Bitcoin futures contracts which will be launch on Nasdaq, the Chicago Mercantile Exchange Group(CME) and others. Bitcoiner believe this will make bitcoin hit the mainstream of payment while something think it cause dump in price of bitcoin just like when gold was added by the stock exchange.
The question is, what's your own point of view?
Comparing it to the introduction of gold isn't the best because it wasn't as easy to trade gold without it. You had to literally bring your gold to the point of exchange to have it sold. Adding it to a stock exchange has allowed people to trade it much easier and faster. Bitcoin trading can be done from home just like it has always been. What is stopping those wealthy investors from dumping it all on one of the exchanges? Why would they wait for the CME?
What's going to happen is they will use the current hype to make short term profit and once the dust settles we'll start to go up again, but I wouldn't expect this correction to happen immediately after the launch.
My thoughts exactly. Why would people want to trade futures when they could just do it from home, theoretically.
