Bitcoin futures which will be listed first on the CME and the CBOE and other listings to follow, will allow easy access to a new group of traders who already hold futures accounts. It will provide a new vehicle to short Bitcoin that wasn’t easily available before and a new set of players to play.
Bitcoin provides a fascinating trading vehicle because there are very few fundamentals. It is based on mass beliefs. This means that it will move emotionally. I have made most of my money as a professional floor trader on emotionally based market activity. This asset is ALL emotionally based and I expect some great trading opportunities.
What makes this even more exciting is that there are people who believe Bitcoin is worth “zero” and those who are “true believers.”
The answer to your questions is “WE CAN’T KNOW.” Since Bitcoin is “belief based” and emotionally based beliefs can shift in a second, predictions can’t be made.
Even my neighbors are talking about Bitcoin…exciting times to be part of a new product that has the power to shift our view of currencies world wide or the potential to collapse like tulip mania. The winners will be those who can play the emotions in the market, both long and short.