Pretty easy right now to point at bitcoin and laugh because the future markets are in play. But is it really the tail wagging the dog?

Looks to me on the spot/futures chart bitcoin is leading futures. The volume in comparison to other commodity markets is pathetic.

(chart futures/spot)

The timing of Coinbase / BCash and Roger Ver dumping his bitcoin in a massive Pump & Dump scheme coordinated with CNBC - I'd say that has way more to do with it then futures.

Anyway - humble yourself, you might get wreked!