CBOE Bitcoin Futures: How Can They Affect the Market?

ยท 10 Dec 2017

Today the Chicago Board Options Exchange (CBOE) will launch Bitcoin Futures for institutional and important investors. Since a long time, the crypto community is analysing possible effects in the markets and in the future outlook of Bitcoin. The Chicago Mercantile Exchange (CME) will also launch Bitcoin Futures, but on December the 18th.

How Will the Markets React?

This question is one of the most pronounced in different forums and articles. The majority of the people believes that these futures markets will bring important flows of money into the cryptocurrency market. That will create a situation in which the different virtual currencies (with Bitcoin being the most important) will receive a big price upgrade.

A minor part of the community believes that the CBOE bitcoin futures will create a bearish market. Those who believe in this situation, think that the bankers and the big investors, that are against Bitcoin, will try to destroy this virtual currency by hedging against it.

We do not know if the market will react completely positively or completely negatively. But we can be sure that there will be high volatility. The volume managed by the network will increase substantially and it will create big price fluctuations. We must be prepared for it.

NYSE Regrets it Didn’t Launch Bitcoin Futures First

The New York Stock Exchange (NYSE) regrets it didn’t launch Bitcoin Futures before. The CME was the first that was going to launch Bitcoin Futures, but in a fast move, the CBOE decided to launch it one week before. In the past, the Nasdaq Stock Exchange has also announced that it wanted to launch Bitcoin Futures but in 2018.

NYSE Chairman Jeff Sprecher commented about Bitcoin Futures:

“We may be stupid for not being the first on that… I don’t have the answers; I wish I knew I don’t know what to make of cryptocurrencies.”

What we can be sure about Bitcoin and the cryptocurrency world is that they are entering into the mainstream financial environment. The moves that are being done by these institutions are legitimizing the currency and the other alternative cryptocurrencies.

Image Source:

The Bear Market Report
Our Bear Market guide not only helps you survive this crypto winter, but also guides you through the foundation you'll need to thrive in the next bull run.