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RE: CME GROUP CEO Terry Duffy Reveals Bitcoin Futures Contract Imminent + Reality Shares Nasdaq Blockchain Economy Index

in #bitcoin7 years ago

From my understanding a lot of the time short positions are opened up as a hedge against your initial investment. So if someone has a large investment in Bitcoin and also has a short position against it, then it isn't unreasonable to think that a co-ordinated dump could create sure-fire profits.

Great news. Just taking everything in the crypto-verse with a grain of salt :)