There is a theme being propagated on interwebs that bitcoin will never be able to get from under negative price pressure from CME/CBOE futures (which are cash-settled). Apparently, it happened multiple times before with other commodities.

Q to WO crowd: do you think that bitcoin does (or doesn't) have some futures fighting mitigation strategy?

(snip)

I would prefer to think about how we can use intrinsic bitcoin properties to fight CME/CBOE pushing us down (in price).