So now that the CBOE trades a futures contract against BCT sized at 1:1, am I wrong or do people sitting nervously on a huge pile of bitcoin profits now have an instrument to hedge/protect against the downside? Now we need some junior futures contracts worth sub-multiples of a bitcoin to more closely match specific holdings.
I can't think of a more likely vector for bitcoin to gain legitimacy among regulated financial corps.
Thoughts?
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