Shitcoiner, nobody, attention-whore, segwit2x traitor and all-round ugly girl has opinions:
1/ there is a very real possibility the price of bitcoin does not go up after halving. for the first time, there is a robust derivatives (futures, options) market for bitcoin. most firms looking to speculate on bitcoin will trade a derivative, not the underlying.
I don't get it, why is this a bad thing? Aren't derivatives commonly set up for volatile assets? If institutional investors focus on derivative markets is that bad for bitcoin?