Post
Topic
Board Bitcoin Discussion
Re: Why BTC is rising the price?
by
MingLee
on 01/11/2017, 20:33:05 UTC
Hey guys,
I saw BTC's price goes UP to the moon these days and I'm think about what causes it so.
My guess is that CME group announced it intends to launch bitcoin futures in the fourth quarter of 2017.
Everyone is seeing that BTC is a solid thing. What do you guys think about it?
Here is the notice: http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html
Probably contributing in a significant way, I wouldn't be surprised if there is a fair amount of hype for this and everyone is getting their money in now so they can try and ride the corporate wave as more and more money gets invested into Bitcoin through various funds and corporations trying to make whatever amount of money they want to off of it.

More companies are seeing Bitcoin as good, and that's a good thing I guess. It could be a lot worse, and there could be a lot of people who would just want to crash it so their fiat doesn't get affected. Big steps.