Tag Archive Gospel of Crypto

Bitcoin Futures and the Gospel of Crypto

The U.S. Commodity Futures Trading Commission (CFTC) provided approval to The Chicago Board Options Exchange (CBOE) at the beginning of December to list bitcoin futures contracts once registration is complete.

CME Group revealed shortly after that it too had received CFTC approval to begin offering bitcoin futures on its trading platform providing a date of the 18th December. Shortly after reports began to appear indicating that Nasdaq Inc. is also planning to add bitcoin contracts to its futures exchange during the course of 2018, likely the first quarter.

CME Chairman and CEO Terry Duffy said “We are pleased to bring Bitcoin futures to market after working closely with the CFTC and market participants to design a regulated offering that will provide investors with transparency, price discovery, and risk transfer capabilities,”

According to www.ccn.com “though much-anticipated, the arrival of bitcoin futures contracts is also highly-controversial in some sectors of the investment sector. Consequently, the CFTC issued a statement explaining that the commission required the exchanges to agree to “significant enhancements” intended to protect customers and prevent the markets from becoming too volatile.”

What Does this all mean?

DCnews expects the bitcoin market and consequently the altcoin market to continue to grow and expand. While analysis of the technicals and fundamental factors pushing the price are important what is often not mentioned is the weight that the sheer mass of new demand by new entrants into the market has.

We are in the midst of a market that is growing from a small base of less than 100 million USD market cap to one that will burst 1 trillion in record time. This is driven not by hedge funds, large banks or governments but rather by Joe and his wife Jane. Joe spoke with Mike and Mike with Danny multiplying exponentially. Jane also spread the gospel of crypto to her circle of friends. The Gospel of Crypto turned to wildfire and has spread from one individual to another like a beautiful genetic enhancing gene turning propelling Jane and Joe above old-fashioned banking constraints.

While we do not make investment suggestions we do see bitcoin flying to continues all-time highs during the coming months and likely years.

The expansion is certainly not restricted to Bitcoin as from what we can tell the Altcoins get secondary money after bitcoin surges. We also see good growth in certain upcoming coins such as Duecoin which has a solid project behind to sustain, formalize and provide market-based protection for ICO`s and those looking to enter the ICO market.

By Thomas Johaneson