Bitcoin quotations hit the historical record of 11,300 dollars yesterday on Wednesday, November 29th, then in a few hours collapsed to 8900 dollars, then immediately recovered to more than 10,000 dollars. There is so much volatility in the cryptocurrencies market because the performance of Bitcoin influences in one way or another all the other crypto, and how much it costs a Bitcoin in dollars or euros is a parameter very influenced by speculation. However, growth is undeniable, as well as the fear of global financial institutions towards it. Above all the interest of the markets, today it is reported that the world's second most important stock exchange, the Nasdaq, plans to launch Bitcoin futures in 2018.
Futures in Bitcoin in the Stock Exchange: traditional finance on crypto values, a good or an evil?
The NASDAQ is certainly not the first major player in the world of traditional finance that begins to take an interest in Bitcoin: at the beginning of November, the Chicago CME group stated that it is about to provide futures on Bitcoin, and the launch of the first European joint investment fund in Bitcoin is imminent: while central banks and the financial media continue to mock the crypto-exchange world as a Ponzi scheme or a bubble, almost all major financial institutions have already studied how to interact with this market and how to invest. Of course, those who see in the blockchain and the cryptocurrencies a sort of revolution to free ourselves from the slavery of traditional finance should not be happy about it, but in the specialized forums the division between the supporters of Bitcoin, Ethereum, Litecoin etc...
regarding the position to be taken towards this interest of world finance, and consequently the increased possibilities of investment, is not unambiguous.
The arrival on the markets of traditional financial products in Bitcoin will increase the amount of risk that investors can take on. Cantor Fitzgerald, one of the leading US brokers, has recently announced that it intends to launch derivatives in Bitcoin in the first half of 2018.
Futures and derivatives allow investors to bet on Bitcoin without owning any real currency, as is done with online trading, amplifying the amount of leverage on the underlying asset. It should be noted that it was the explosion of derivatives anchored to real estate assets such as mortgage loans that led to the financial collapse of 2008: therefore, those who talk about the "Bitcoin bubble", which is traditional finance, are actually those who led in history to the creation of bubbles and subsequent crashes.
