Im slightly confused on how CME will affect the price of bitcoin as there is no actual bitcoin bought in their trades and people using CME are basically just betting on the future price. Or have i got it totally wrong?
The price of bitcoin should converge with the futures price due to arbitrage.
I'd expect institutional investors to go long given momentum and that we're at ATHs. It's probably going to be easier to push this to $20K than say $2K.
Actually I am less and less inclined to educate people on the facts and prefer to let market do its work, i.e. redistribute wealth from those who are ignorant or got it wrong and yet refused to admit their mistakes.
This. Maybe they'll get the picture when they're our worker bees.