25 Dec Bitcoin Price Might Not Go Up After Halvening. Coinshares CSO Meltem Demirors Explains W…
[ad_1]
Contents
- A spanner in the works
- Things could be different
Meltem Demirors, the CSO of CoinShares, has just explained why the Bitcoin price is not necessarily going to rally after its next halvening. Her main argument is that the growth of crypto derivatives will prevent producers (miners) from setting the price of Bitcoin.
1/ there is a very real possibility the price of bitcoin does not go up after halving.
for the first time, there is a robust derivatives (futures, options) market for bitcoin. most firms looking to speculate on bitcoin will trade a derivative, not the underlying.
— Meltem Demirors (@Melt_Dem) December 24, 2019
A spanner in the works
Since BitMEX became a pioneer in the crypto derivatives market, the market has been getting more crowded. Derivatives such as options and futures still allow Bitcoin traders to get their kicks despite the declining volatility of this fledgling asset class.
CME…
[ad_2]
Source link