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Buy futures, sell the news? Reasons for the Jump Award

Everyone celebrated the announcement of the news on futures, announcing a new dawn of adoption for big investors, and he also added a lot of legitimacy to digital currency. ]

CME's announcement a few weeks ago helped drive up Bitcoin's price above $ 7,000

However, this price hike did not increase. was just a taste of what was coming. has crossed the borders on an unstoppable upward trajectory.

It may be that the old adage of "buying the rumor, selling the news" is coming true as a massive wave of traditional adoption related to the entry into the water

Early arrival in 1945

In 2014, when the price reached $ 1,000, people were wondering if it was too late to get involved in Bitcoin, wondering about it. They had missed the boat. Of course, this sounds ridiculous now, but the same questions are asked with Bitcoin quickly approaching $ 20,000.

People sank in Bitcoin in ebb and flow, but this has become a dominant wave. Many reasons underlying the surge in adoption are related to the fact that significant money is entering the waters.

Those on Wall Street, who are often still divided, were at the origin of much of the barrier booms. After the August 1st fork that saw Bitcoin mainly spared a potential disaster, legitimacy was bequeathed to it by Wall Street pioneers.

Now, those who missed the first wave are looking for the next. one in the growing cryptomarket, finding it increasingly difficult to ignore.


The deadlines of December 10 and 18 are fast approaching, and as is often the case in the world of cryptocurrency, seem to buy the rumor, preparing for which could be an incredibly volatile period when futures contracts hit.

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As those who want to be part of the available futures market flood, this has provoked a frenzy fueling both individuals to join the hype, as well as investors who want to get a better price before the start of the futures trading.

What happens when it's time to 'sell the news'?

still being widely regarded as positive for Bitcoin as The scary part is that futures trading can benefit when the price drops, so if massive money arrives in Bitcoin on futures, it could be price manipulation to send it

Futures allow people to have protection in a volatile market like Bitcoin. If they come in at a certain price, and that price goes down, they have the opportunity to get their investment at the same price they entered.

So, it makes sense that a big spender is trying to manipulate the market down, pull his investment at the same price, and re-enter, buying Bitcoin at a cheaper rate.

The Future is Over

Bloomberg cited an anonymous source "with knowledge of the company's plans," saying that Goldman Sachs will offer client transactions on a case-by-case basis Tiffany Galvin, spokesman for Goldman, wrote:

"Since this is a new product, we are evaluating as expected the specifications and the risks of Bitcoin futures as part of our due diligence process. "

Goldman's CEO, Lloyd Blankfein, would be cautious, but open to the idea of ​​Bitcoin, unlike many of his bank counterparts such as Jamie Dimon Blankfein wrote:

"I read a lot of history, and I know that there was once a coin that was worth $ 5 if it contained $ 5 gold. Now we have paper that is just supported by fiat … Maybe in the new world, something is supported by consensus. "

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