Bitcoin step up to 20k before 2018

Bitcoin futures trading volume in its first week was only a fraction of cash Bitcoin transactions. Futures volume has been abysmal at $60 mln per day, compared to the cash transactions of $8.5 bln each day.

However, come Sunday, the CME will start Bitcoin futures trading. Additionally, large brokerage houses are likely to follow suit and allow their clients to trade in Bitcoin futures. If this happens, we are likely to see the futures volume pick up.

Will the participation of more traditional investors boost the market capitalization of Bitcoin and the cryptocurrency universe? Max Keiser who hosts the Keiser Report on RT certainly thinks so. He believes that futures trading will help the cryptocurrency market capitalization reach $1 tln and higher.