Hi everyone! In this podcast, I shared my thoughts on bitcoin futures and what it means for the future of bitcoin and other crytocurrencies. The first bitcoin futures contract was being traded on Chicago Board of Options Exchange last Sunday evening. The January contract price started at US $15,600 and soon jumped to US $18,850. As of today, the January contract price is US $18,370.
Although bitcoin futures contracts are not trading in high volumes compared to futures contracts in oil and commodities, I believe the introduction of bitcoin futures not only stabilizes the price of bitcoin eventually, but also demonstrates bitcoin IS DEFINITELY the currency of the future.
Do you think bitcoin is a bubble? Are you planning to buy bitcoin in the future? Please leave your comments below! Catch you on the flip side!