Uhm, I wouldn't get too excited about this, folks, unless you think the BTC/USD price is not volatile enough already and/or you think it's a bubble that needs to be popped. You see, by allowing derivatives contracts to be traded on BTC the regulators have basically given BTC detractors the ability to short BTC without ever owning any or even borrowing any. This is how the banking cartel/deep state so effectively controls the price of silver and gold, by selling massive quantities of naked derivatives contracts which put constant pressure on the price. T.H.E.Y. (the hierarchy enslaving you) do not like competition and the USD is the key to their empire. No competition allowed. Silver, gold and now cryptocurrencies offer store of value competition to the USD. Having a derivative market in BTC is NOT a good thing unless you represent the banking cartel or the deep state and want to control, or even crush, it.
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I agree. They are only doing this in a desperate attempt to kill bitcoin. However I dont think it will work because the traders on the bitcoin exchanges wont care what the paper bitcoins are selling for. I certainly wont.
I agree. They have experience using their tools against gold and silver and anything else they chose. CryptoCurrencies would be damaged by letting them get control.
Don't think they get to point ..