Bitcoin has witnessed a 1,600% surge since the beginning of the year but those investing in bitcoin futures predict that the growth rate of the cryptocurrency will decline in the coming months. Bitcoin futures, launched in the Cboe Global Markets exchange recently, are legal contracts which allow investors to trade Bitcoin based on a predicted future price.
The XBT futures exchange predicts Bitcoin to trade at $17,760, $18.141 and $18,080 after 1 month, 2 months, and 3 months respectively. If this prediction is to be believed, Bitcoin will only grow $1,300 by February compared to its current price.
On the other hand, some experts believe that Bitcoin might fall in the coming months and the exchange rates predicted by futures investors might only be set at a premium to maintain the high demand.
