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Bitcoin futures

As of Sunday, Bitcoin futures can now be traded on both the CME and CBOE exchanges, bringing cryptocurrency speculation and Wall Street speculation together at last. In the weeks, days, and hours leading up to the launching of Bitcoin futures, interest in Bitcoin spiked, as it has before and no doubt will again. But I’m not going to talk about the effects of CME and CBOE Bitcoin futures today; I’m looking further into the future, toward Bitcoin’s ultimate fate, its ultimate future. Before we begin, you might as well forget everything you’ve been told about Bitcoin’s importance to the world and about how it will save us from evil central banks and intrusive governments. It may be true, but it’s irrelevant. Why? First, because blockchain technology, revolutionary though it may be, has already advanced beyond Bitcoin, and second, because as investors, we really only care about Bitcoin’s price. Yes, it’s true, but don’t you in the Bitcoin community go and accuse us in the investment community of “using” you. If you think about it, you’ll realize we’re using each other, and that is, after all, the basis of many more or less functional relationships.

Julian Close

Julian Close became a stockbroker in 1995. In his 20 years of market experience, he has seen all market conditions and written about every aspect of investing. Julian has also written extensively on corporate best practices and even written reports for the United Nations. He graduated from Davidson College in 1993 and received a Master of Arts in Teaching from Mary Baldwin College in 2011. You can see closing trades for all Julian's long and short positions and track his long term performance via twitter: @JulianClose_MIC.