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/biz/ - Business & Finance

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kek

>> No.5165762 [View]
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Futures should not affect the price of bitcoin at all, even theoretically.

All of these new futures contracts are cash settled, which means that you can't actually get bitcoins if you try to by a futures contract for them.

This is very different from a future for something like crude oil because at the end of the contract you can get crude oil delivered to you.

On the contrary, you cannot sell a real bitcoin if you sell a future contract.

Really there's no reason to call it bitcoin futures at all, it may as well be, "future contract A" or future contract "Shrikeli" because it has nothing to do with bitcoin.

Why make this thing at all then?

Because people are literally that retarded.

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