FUD: Will Bitcoin Be the New Big Short?
The latest reports on the course of Bitcoin are somewhat sobering. With trading at a fevered pitch and Bitcoin soaring, the top cryptocurrency will test its next plateau.
Next up: Wall Street.
Now that Bitcoin futures are a done deal, with institutional money set to pour through options on the NASDAQ, CME and Cboe, the short-term future for Bitcoin’s market value will be impacted by big shorts. “Ordinary traders”, those individuals who got in during the mania, are set to stand on the sidelines as Bitcoin trading morphs and enters the inevitable derivatives dimension.
While government regulators promise to monitor Bitcoin futures and protect them from market manipulation, what’s next may be as complicated as The Big Short.
Writes RiversandMountains in an opinion column on yours.org:
Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin or cryptocurrency. Your transfers and trades are at your own risk. Any losses you may incur are your responsibility. Please note that The Daily Hodl participates in affiliate marketing.