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RE: Bitcoin can't possibly reach news highs this year, can it?

in #bitcoin6 years ago

Don't think that's gonna happen. The market has matured a lot. Look at it from a 2017's point of view:
If you had had 500 million $ and could have started buying BTC once the futures had been announced, plus get into large short positions with that money, then you'd just dump your BTC, dragging the price down again and making heaps of $ with the futures.

This year, we can hope for the Bakkt futures, but it's questionable whether those can create such a buzz again.

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They may not have to. The next traunch of buyers may be of the institutional variety, via Bakkt.