What do Bitcoin Futures mean for the price of Bitcoin?
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The head of business development at Bittmex told Business Insider. Currently Bitcoin is traded on unregulated markets, the fact it is going on the the CME brings more legitimacy to the cryptocurrency as it is more regulated. 💰
Futures will help reduce the volatility of the price, helping to stabilise Bitcoin as an asset class and increase its utility of it as a method of transactions.
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We could see the market cap going up to 500 billion or even 1 trillion, increasing the price to 20k, 25k or even 50k
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