- The advent of Bitcoin futures was going to enable shorts to bring the value of bitcoin back to earth.
- So far, this hasn’t happened, and it was never very likely in the first place, as we’ll explain.
- There are two powerful forces propelling bitcoins higher and introducing futures and EFTs will only lower the barriers of entry.
- Since we’re now well and truly in the parabolic phase, a considerable correction is likely but this will be seen by too many as a buying opportunity for it to do lasting damage.
Good Luck To The Bitcoin Shorts, They’ll Need It
December 21st, 2017 · No Comments