Move Over CME Group: Nasdaq Plans To Introduce Bitcoin Futures
SilverDoctors.com
November 30, 2017
Because CME Group’s Bitcoin futures contract, which hasn’t even launched yet, is so fourth quarter. Here’s the details on Nasdaq’s plan…
On October 31st, the CME Group announced they were launching a Bitcoin futures contract sometime in the Q4, 2017:
Here’s CME Group’s “bottom line” for launching a futures contract:
Bottom Line:
A natural tension exists between stores of value and mediums of exchange.
Gold and bitcoin have been great, if erratic, stores of value.
Gold and bitcoin appreciate because of the slow growth of mining supply.
Fiat currencies are more practical as mediums of exchange because they lose value which encourages holders to exchange them for goods and services.
Strong stores of value encourage hoarding, deflation and financial instability.
They also make for poor units of account and methods of deferred payment.
While Bitcoin’s flash crash and recovery was the talk of the news yesterday, Nasdaq announced it was entering the race to “bring bitcoin to a greater swath of investors”.
The Rest…HERE
