How Bitcoin Futures will Affect BTC’s Price

It is no secret to long-time hodlers in the crypto space that Bitcoin’s final boss is Wall Street and the legacy banking system. This is a battle that has been a long time coming, and the investment space is both terrified and incredibly excited to see how things will shake out. Some people believe Wall Street’s only goal is to short Bitcoin and watch their rival go up in flames. But I believe differently.

I’m sure you’ve heard all the analogies comparing Bitcoin to a bubble like the Dot Com Crash, or the Tulip scandal. Most people don’t realize how absurd these comparisons are.

Further, most people have little to no understanding of the implied economics of Bitcoin. There is a limited supply, an exponentially increasing demand (a recent Cambridge study suggests 200 million users by 2024), and more value and security than in the US Dollar’s wildest dreams.

Yes, the media has characterized Wall Street personalities as braggarts who plan to short Bitcoin and watch the crypto world crumble. While those traders will probably make some decent profits from shorting in the very near term, it is more probable that they will be the ones getting burned.
The very announcement that Bitcoin futures were going to be available correlated to a massive growth in the BTC price, as illustrated in a recent Bloomberg article.

https://hackernoon.com/how-bitcoin-futures-will-affect-btcs-price-bcf296887d89