@rawdawg has spent his entire life involved in the financial industry. He has held various trading positions within large broker-dealers over the last 20 years. He recently retired at 38 years old to sit on his ass, travel the world, spend time with his family, and basically do whatever the fuck he wants to.

With that being said, one thing he can proclaim to be an expert in is financial derivatives, trading, investing, risk, market history, etc etc.

For those who haven't spent countless hours on a trading desk or who may have never even heard of the CME. I think it it is fair to say that they may not understand the ramifications of BTC being listed on the CME as a product offering.

In a nutshell, bitcoin being approved by the CFTC has validated bitcoin in the eyes of the regulatory bodies to the extent that it is no longer just a "fad" or a product for tech nerds. IMHO, bitcoin is here to stay Steemians.

The CME offers trading on all major currencies of the world, gold, silver, corn, soybeans, wheat, platinum, palladium, crude oil, heating oil, unleaded gas(RBOB), S&P 500, Nasdaq, Russell, 30 year bonds, 10 year notes, 5 year notes, and just about every commodity and financial product available.
BITCOIN HAS BEEN ADDED TO THIS LIST!

With that being said, the idea that we could possibly see BTC/USD at $500,000 or even $1,000,000 if not that extreme.

Now I do have to point out that we have been at this juncture in history before. . .We have to go back almost 400 years to Amsterdam in 1636. Cash-settled futures markets in tulip bulbs were listed and prices soared (similar to BTC over the last couple of weeks). I don't think I have to point out what happened next, but for those who don't know, tulip prices absolutely crashed in Amsterdam in 1637. The bubble of all known bubbles at the time.

Now the naysayers will like to point out and make comparisons between bitcoin andtulips but @rawdawg isn't buying it. I have my own opinions why and if you wanna grab a beer sometime we can talk about them.
What I'm looking for is to get your opinion and take on things.

Please upvote and resteem so we can get a decent discussion via comments going and yea, maybe @rawdawg could pocket a few Steem, but if we get this post above $25, @rawdawg will give 5 SBD back to the Steemian who receives the most upvotes on his/her comment.

What makes bitcoin different from the tulip craze and why OR what makes Bitcoin just like the tulip craze?

Convince me one way or another.

@rawdawg signing off!