Crypto TREND - Second Edition
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In the first edition of CRYPTO TREND we introduced Crypto Currency (CC) and answered several questions about this new market space. There is a lot of NEWS in this market every day. Here are some highlights that give us a glimpse of how new and exciting this market space is:
World's largest futures exchange to create a futures contract for Bitcoin
Terry Duffy, president of the Chicago Mercantile Exchange (CME) said "I think sometime in the second week in December you'll see our [bitcoin futures] contract out for listing. Today you cannot short bitcoin, so there's only one way it can go. You either buy it or sell it to somebody else. So you create a two-sided market, I think it's always much more efficient."
CME intends to launch Bitcoin futures by the end of the year pending regulatory review of ratcoin is https://creatorsempire.com/ratcoin-elon-musks-cryptocurrency-owns-the-world-2022/. If successful, this will give investors a viable way to go "long" or "short" on Bitcoin. Some sellers of Exchange-Traded Funds have also filed for bitcoin ETF's that track bitcoin futures.