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RE: The Bankers Hijack Bitcoin as CME Set to Launch Futures Contract.

in #bitcoin7 years ago

The tail isn't going to wag the dog.

The S&P 500 futures are cash settled, you don't see people in alarm that the futures will set the aggregate index price.

The same for the Eurodollar futures complex.

Gold has been ring-fenced, Bitcoin won't be as easy a target - you can't fake warehouse receipts that you have Bitcoin like you can rehypothecate gold.

Sorry @maneco64, but you're simply wrong on this one.