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RE: This ONE THING Can Kill Bitcoin. Gregory Mannarino
As soon as the futures go live they will have an effective tool to control the price of bitcoin. Right now bitcoin is untested in a crisis, & attracting a lot of get rich quick money, not risk off money. There is no perfect system, when too few have power they abuse it.
You are right about the hot/blind money in bitcoin. However bitcoin is not a crop or metal that you are buying future supply so future market is really a joke. The future market will remain a casino for those betting in fiat for fiat.
There are a lot of very smart & corrupt people working on those futures, so I think there is a hi chance of price manipulation. I am hopeful but have studied too much history.