Nasdaq's future bitcoin contracts may be more investment than shares
Nasdaq Executive Director Adena Friedman discussed the possibility of introducing bitcoin contracts on the future. Last year, the company announced that it would be interested to offer traders this kind of financial service. Friedman has not confirmed whether he is sure to launch future bitcoin contracts. But if they do, they will be different from the CBOE and CME.
Adena Friedman spoke to the press about the company's position over future bitcoin contracts. He confirmed that Nasdaq is studying the possibility, but he did not say exactly when he could launch them, nor did he guarantee that they would be placed on the platform.
In the interview, Friedman said he did not intend to introduce the same service as offered by CBOE and CME: "We are thinking of future contracts with total profits, so it's a slightly different construct," she said. That would be"rather, an form of investment than a stock market share. We will have to see if it is profitable at the end of the day if we have customer demand and if the risk management part inspires confidence. In this case, we will head to the CFTC (Commodities Commission and Future Transactions)"
Despite the enthusiasm surrounding the launch of future contracts at mainstream financial institutions, the event has managed to halt the dramatic rise of bitcoin in recent years. After the bitcoin was initially traded at $ 20,650 in December last year, the January CME contracts were signed at $ 10900. The price drop was more than 47% of the opening price and made profits to those who opened short positions during the launch.
finally I think January 27th will be the beginning of the increase for bitcoin and maybe in February we will have 27000 per bitcoin