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RE: Nasdaq Exploring "Total Return" Bitcoin Futures Contract
This all smells really bad. Heavy hitters who have to abide by laws and regulations get to do whatever they want in the cryptocurrency market. Are we going to see an artificial manipulation of the cryptocurrency market to guarantee stock market returns?
This decentralization can not be controlled by them and can not interfere with the waste
It's not worth worrying about
Remember what happened when futures were going to be made available on the stock market? For two weeks, prices shot up way faster than normal. Bitcoin hit $20K. When Futures started trading, Wall Street heavies bet big that the Bitcoin would plummet via futures. Then by magic major Bitcoin, Litecoin, Ethereum holders/founders said that they had enough and were dumping their holdings. Immediately after the news, the cryptocurrency market plummeted... Bitcoin plummeted by thousands of dollars yet the futures bet was off by only a couple of hundred dollars. How is that even possible to be so accurate?
Do you think that those individuals that publically announce that they were dumping their cryptocurrency holdings had no idea what affect that would have on the market and how that would line certain individuals in Wall Street that bet on the market to plummet?
It was/is all too easy to manipulate the market. This can't be done in the normal business sector. Those people would go to jail. In Cryptocurrency, they get a free pass. Anything they do to make a buck and damage the reputation of cryptocurrency is OK to any government because cryptocurrency is a threat to government.