In what could be a landmark date for cryptocurrency, December 11, 2017 is the day that Bitcoin futures will soon go live via Cboe Global Markets. This creates a new financial vehicle for traditional market traders to invest in Bitcoin like any other commodity, based on futures contracts.
What this will mean for the price of the cryptocurrency itself remains to be seen, but for now it is clear that it will have an impact. Some believe that this will embolden Bitcoin traders, granting legitimacy to a once questioned market. Others think that those who would buy exchange Fiat for Bitcoin might favor the futures market, causing a decline in readily available capital to be invested in cryptocurrency. Could both be true?
As the crypto-markets have shown us before, attempting to predict the future might well be futile in this realm.