CME Group to launch bitcoin futures contract on Dec. 18

[btc_angela]

http://www.dailymail.co.uk/wires/reuters/article-5136509/CME-Group-launch-bitcoin-futures-contract-Dec-18.html

It looks like that the CME rumor is not a rumor anymore. They have officially announced today that they are going to launch bitcoin future contracts. What can you say guys? This is welcoming news or not? That's why bitcoin today is going to $10,5xx as I typed this topic. I honestly think that this is a good news and most of us are waiting for this. Though its too early to tell how this will pan out, but now let just say it will bring a lot of cash in the next coming months.

Thoughts?

[t3hpwnographer]

I'm in favor of anything that brings more mainstream attention. Hopefully this will bring significantly more investors so we can put a stop to all this "bubble" nonsense that threatened bankers and government officials love to spew.

[Baofeng]

By now the effect of this news has been very positive indeed.  Bitcoin price rose to $11K marked once more. So its safe to say that this kind of positive news really bring bitcoin price to the next level. Dec. 18 is the date they said that they will official accept bitcoin as future contracts so I assume that there will be still a significant push to $12K.

And there's this news as well the CME's rival is somewhat joining the boat and would also offered the same futures if I'm not mistaken. And with all this institutions coming after bitcoin market now, I wouldn't be surprised seeing the price skyrocketed to all-time-high once more.

[alani123]

All rumors would about big institutions offering services related to crypto would turn out to be true eventually. This is something that's going be be happening more and more lately as bitcoin is reaching a point where only institutional adoption would get it further, but if it happens there is potential for a big increase even from that point on. Institutions are recognizing that, and along with the interest form big investors, they are now investing in offering BTC-related services.

[Digitalbitcoin]

Yes, that's great news.

At least big corporate are showing interest in blockchain technology. Its an start of Fintech I think. Many new business are still in phase of testing of possibilities of blockchain technology and its environment.

Soon there will be new start up of digital businesses based on blockchain technology.

Blockchain literally have solution for every aspect of business development including track record, updates, ledger record, time stamp, verification, encryption, authentication up to even transaction. This features will bring more transparency in businesses.

[cryp24x]

Definitely a great news.  Another milestone for bitcoin acceptance.  I am sure that this will cater more interest and more attention from mainstream media.  We will be expecting more investors to jump in and more company to accept Bitcoin or new start up company that will take advantage of this event. 

Government will bow to the will of the people according to their democratic dogma. Cryptocurrency is the people's will.

Well it is the people's will then government will somehow give in if they do not want to collapse.

[Iranus]

Hopefully this will bring significantly more investors so we can put a stop to all this "bubble" nonsense

Having "more investors" certainly doesn't move BTC out of a speculative bubble.  It pushes it dramatically further into a speculative bubble.

Having futures will probably make it worse since it gives people such an easy opportunity to be irrational and take risks.

Definitely a great news.  Another milestone for bitcoin acceptance.

How?  It's not a merchant, it's not anyone actually accepting BTC.

[SUDARMONO]

http://www.dailymail.co.uk/wires/reuters/article-5136509/CME-Group-launch-bitcoin-futures-contract-Dec-18.html

It looks like that the CME rumor is not a rumor anymore. They have officially announced today that they are going to launch bitcoin future contracts. What can you say guys? This is welcoming news or not? That's why bitcoin today is going to $10,5xx as I typed this topic. I honestly think that this is a good news and most of us are waiting for this. Though its too early to tell how this will pan out, but now let just say it will bring a lot of cash in the next coming months.

Thoughts?

and I certainly would think this is a good thing because it can increase the price of bitcoin, and that's what many bitcoin investors expect including me, and we can wait for the next news.

[Reatim]

All rumors would about big institutions offering services related to crypto would turn out to be true eventually. This is something that's going be be happening more and more lately as bitcoin is reaching a point where only institutional adoption would get it further, but if it happens there is potential for a big increase even from that point on. Institutions are recognizing that, and along with the interest form big investors, they are now investing in offering BTC-related services.

Those big financial institutions by now should realized that bitcoin is here to stay for good. And they can't really ignore the fact the bitcoin and crypto's, how much they bashed, attacked it, will be the wave of investments. More clients of them are clamoring to include bitcoin in their contracts, that's why CME give in to them.

And yes, this is definitely a great news to see. Specially that 5 digits has been touched, bitcoin ecosystem will get a fresh members being admitted and all aboard with the hype train.

Government will bow to the will of the people according to their democratic dogma. Cryptocurrency is the people's will.

It's financial institutions that we are talking about here. Government is different though, they wouldn't just bow to the people's will as you have mentioned. Look at data, there's still a lot of countries choosing to ban bitcoin like China and Russia.

[erre]

I'm not very happy that the finance would now be able to allocate billions in bitcoin without having to actually buy any.

You can say what you want about arbitrage etc, but in fact there will be billions invested in bitcoin and not allocated in it, and this is absolutely no good for me.