Post
Topic
Board Speculation
Re: why CBOE and CME futures trading may LOWER / SLOW the price of bitcoin.
by
Coollikethat
on 05/12/2017, 19:59:36 UTC
You can't move, sell, verify or store physical gold without a huge amount of hassle.

There's no point making this comparison.

They stuck a paper market on top of gold as otherwise there basically isn't one.

That's not the case with bitcoin.

Dude, CME and CBOE are implementing the exact same methodology as gold futures.  The paper contracts are settled in cash. Next to no BTC is involved. Its a moot point.