5. What do Bitcoin futures mean for the Bitcoin price?

in #investing • 7 years ago

  In the short-term, it pushes the price upwards as the overall interest in the cryptocurrency spikes.

The day after Bitcoin futures were launched on the Chicago Board Options Exchange (CBOE), for the first time on a major regulated exchange, the price jumped by almost 10% to $16,936. 

 Similarly, in the run-up to the launch of Bitcoin futures on one of the world’s biggest exchanges, CME, the Bitcoin price broke through the $20,000 barrier. 

 The long-term price impact is harder to predict, but in all likelihood, it will continue to boost the price of Bitcoin. 

#bitcoin #futures #guide #portfolio
7 years ago in #investing by
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