This thing is totally unhinged from the underlying asset. Is that how Wall St. do?
Seems like... Maybe it'll level out in time?
I would like to see a futures market that enforced delivery. that would actually have some use for miners and others that are trying to hedge risk.
This seems like a pure derivative market adding risk instead of mitigating it...
I suppose time will tell.
They are not used to "delivery". Who in their right senses would want a fucking BUNCH of soya being delivered to them? What about logistics?
Even gold is cumbersome enough.
They are not used to an asset as easily deliverable as Bitcoin is.
And yes, futures are derivatives, no?