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RE: What do the introduction of Futures Products really mean for the price of Bitcoin?
In this Business Insider article it says:
Both Cboe and CME have said that their bitcoin futures products would settle in cash. And that's exactly what makes the possible market so appealing to Wall Street. Firms who buy or sell bitcoin futures don't have to worry about actually holding the cryptocurrency itself.
So unless actual Bitcoin trading starts to follow the futures market (maybe because people think that's where the "smart money" is) I don't see how this will have any bearing on the actual price of BTC.
I agree if the hodlers continue to hodl. Issue many would raise are the new market entrants that may not be accustomed to a 100 vol product and bail out on the first 2000 point move in the physical, compounded by Coinbase's "technical issues" that invariably arise during such moves.