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RE: BTC - Bakkt Bitcoin Futures continue to see increasing demand
Yay high volume futures trading. The real Satoshi's vision.
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Yay high volume futures trading. The real Satoshi's vision.
Posted using Partiko Android
It doesn't matter what Satoshi's vision was, he was but one man (or one group), bitcoin was never going to be 'allowed' to replace governments and their currencies all at once anyways, getting more money involved in bitcoin is a good thing overall and further's adoption more so than just keeping bitcoin an underground currency mostly only used by tax evaders, money launders, and anarchists.
Futures trading is not adoption. This kind of "adoption" is no reason to celebrate by any metric other than price.
These futures products are physically settled, meaning that actual bitcoin changes hands. It offers a regulated way for institutions to gain exposure to bitcoin, and in my opinion getting institutions involved in the space is a good thing for all of us.