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Futures on the impact of bitcoin how much? The price of bitcoin will slow rapidly

According to Reuters, according to the recent launch of bitcoin futures, traders expect the price of cryptocurrencies to slow in the coming months, even though it still hit a record high of 17,000 U.S. dollars in the spot market.

The Chicago Board Options Exchange (CBOE) launched its bitcoin futures contract later Sunday, signaling the entry of investors into the bitcoin market through large-scale exchanges.

Last Saturday at 6 pm local time, bitcoin's one-month contract opened at $ 15,460. By late afternoon, the transaction price was $ 18,650, about 8% above the bitcoin spot price of $ 16,900 on the Bitstamp Exchange (BTC = BTSP).

In addition, bitcoin earlier hit a record high of 17,270 US dollars.

The huge revenue and rapid growth of bitcoin attracted investors from around the world and was closely scrutinized by government regulators, in contrast with the idea of ​​bitcoin when its founders first introduced bitcoin eight years ago.

John Taylor Jr, president and founder of research firm Taylor Global Vision, said:

"The bitcoin founders should be shocked that anyone should take the issue seriously and that the recent explosive growth will soon put Bitcoin away from its original" freedom. "
According to Taylor, according to his chart, Bitcoin has not reached its peak yet, but "once the upswing is over, it will collapse."

Taking into account the past month the price of bitcoin almost tripled, only on Monday rose more than 15%. But for now, the price of the futures shows that the price of bitcoin has risen slowly.

Bitcoin futures have been offered outside of the United States at some uncontrolled cryptocurrency exchange, but supporters say the U.S. debut will give greater legitimacy to volatile cryptocurrencies and encourage wider use.

Meanwhile, CBOE's city rival, the Chicago Board of Trade (CME), is also expected to launch Bitcoin futures contracts on December 17.