You are viewing a single comment's thread from:
RE: What do the introduction of Futures Products really mean for the price of Bitcoin?
There is a very long commentary on some of the ins and outs of cash settlement of bitcoin futures here. Make sure to see the second commentary, posted at 3:00PM today.
One thing that is worth remembering, in my opinion, is that the Big Boys who can now affect the price include some with virtually unlimited access to fiat money. This subset of Big Boys certainly have enough to buy a great volume of the coins even at today's price. So the potential for bitcoin to be "managed" as gold and silver have experienced seems real, to me anyway.
Very good point. This is how precious metals markets have been tamed for decades now. Why would bitcoin be any different?
Thanks @techwizardry! From what I have read about the multi-decade "management" of gold (and to a lesser extent silver) prices, it seems not a far-fetched hypothesis that rushing CME, CBOE and Nasdaq into futures trading with cash settlement is a "management move".
BTW – What is your thought on the following idea. Aside from the legislative and regulatory actions linked to control of tax evasion and money laundering, we should not expect a China-style ban; because the latter would bring on a confrontation with States like Texas. So, instead what will be used are these “management moves”.