The price of 1 bitcoin overtook that of 1 oz of gold in early 2017 and has grown 10 fold since then. With the upcoming futures launched by CME, is it a good time to start shoring Bitcoin? Some Chinese analysts believe so.
Despite the ICO Ban in September, CCTV cannot ignore the ATH of Bitcoin when it broke the 9k milestone. The CCTV report contributes the rise of bitcoin to three reasons:
1. Increasing buyers
2. Acceptance by traditional institutional investors
3. More business acceptance scenarios
Mass adoption has been proved by the network congestion, rising transaction fees and mainstream media headlines.
http://news.8btc.com/time-to-short-bitcoin-when-cme-launch-futures
