Post
Topic
Board Speculation
Re: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion
by
marcus_of_augustus
on 16/11/2017, 21:02:21 UTC
https://www.cnbc.com/2017/11/15/thomas-peterffy-keep-bitcoin-away-from-the-real-economy.html

The chairman of Interactive Brokers is saying that futures trading of Bitcoin through CME could be the cause of the next financial collapse. He took out a full page ad in the Wall Street Journal to warn about it.
What's he, the father of high freq trading, really concerned about? That the 'real economy' is just a sham of made up numbers on trader's screens? The whole thing sounds very fragile if it cannot handle being linked to bitcoin through cash-settled futures trading.