The price of Bitcoin will reach $ 10,000 by the end of 2017
The cost of Bitcoin increased from $ 6,500 to $ 7,590, the growth momentum was due to the announcement of the launch of Bitcoin futures trading on the CME and CBOE exchanges. Several financial experts said that by the end of 2017 the price will be $ 10,000, taking into account today's dynamics of Bitcoin's growth.
Analysts explained the essence and significance of Bitcoin futures contracts on the CME, CBOE and LedgerX exchanges, so most investors must comply with the law and invest in strictly regulated channels. With adjustable futures, derivatives and options in the Bitcoin area and crypto currency, traders will be able to transfer their "money towards crypto", from offshore bank accounts and WMP systems to Bitcoin, potentially attracting tens of billions to Bitcoin, thereby increasing its price
On the LedgerX platform, during the first week of trading, the trading volume of derivatives and options based on Bitcoin was $ 1 million.
By the end of 2017, CME and CBOE should provide institutional investors with a platform for trading Bitcoins
CEO of CME said: "I think sometime in the second week in December you'll see our [bitcoin futures] contract out for listing.”
"The contracts will allow investors to make bets on the price of Bitcoin - typically that it will fall - otherwise called shorting"
This will help the Bitcoin network and increase the value ;)
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