Bitcoin could skyrocket shortly, when CME Group officially launches its BTC futures
Following the false circular from the Shichuan power company, CME Group reports that it is close to launching Bitcoin futures and Man Group has said it will jump on the bandwagon after the launch of CME Group.
This week it was reported that China could make cryptocurrency mining illegal shortly, something that is an unsubstantiated rumor, which later became a kind of circular on the letterhead of the Sichuan Electric Power Conpany, the region's electricity company. of Shichuan, in which it was warned of a possible reduction or cut of electricity to the Bitcoin mining farms, because this is illegal. This information has not had the expected effect, a fall in Bitcoin, since it is recovering, touching € 7.200.
Far from this rumor that came out of China, with the intention of destabilizing BTC at a time of falling value, to the benefit of Ethereum, since the Asian giant would be developing a currency based on the Ethereum blockchain. The reality is that Bitcoin is rising again and everything suggests that it is partly the announcement of the CME Group, to launch Bitcoin futures in mid-December, at the latest. The announcement at the time caused BTC to reach 7.700 and the officialization of this futures offering could trigger the BTC.
This same week, the Man Group fund, which has a capital of 95 million dollars, has highlighted that it will make an investment in the Bitcoin network and also diversify with this product in its portfolio after making the CME Group futures available. Now, the next step is for these BTC-based investment products to be launched and therefore, it could represent a new historical record, reaching $ 10.000 at the close of the market this year and a contagion effect on other cryptocurrencies is not ruled out. . What do you think?