Bitcoin Price Explodes: Bitcoin Futures in Japan

After announcing that Bitcoin Fututes are due to launch in Chicago on 18.12.2017, other countries are catching up and will also make trading in Bitcoin accessible.

Bitcoin futures start in Chicago in a timely manner, opening up regulated bitcoin trading. After this announcement, the Bitcoin course closed properly and passed first Monday the 10,000 € mark. Celebrated by great euphoria, however, it went straight up without this seems to be a correction in sight.

Now other countries are catching up: Bitcoin futures are also to be launched promptly in Japan. This corroborates rumors that Bitcoin futures should be extended to other countries. These first steps are probably just the beginning of a still globally growing Bitcoin futures market.

Chief Executive Officer Shozo Ohta of Tokyo Financial Exchange Inc. told reporters in an interview:

"Once the Financial Instruments and Exchange Act recognizes cryptocurrencies as financial products, we will list the futures as quickly as possible.

To achieve that, we will launch this working group to study various aspects, including bitcoin’s present status, its outlook, and what form it will take root in Japan’s society."

The direction of travel is thus clear: The adaptation of Bitcoin in society should be further promoted.

Altcoins falter over Bitcoin

The Bitcoin currently draws large amounts of capital from the Altcoins and was able to achieve a market capitalization of over 200 billion euros for the first time. This picture is not new, but now a normal market cycle.

Due to the sinking prices of the Altcoins this offers a good opportunity for investors to enter or buy into the market inexpensively.

When it will give a correction, which is now superfluous, remains to be seen. At the moment, all signals signal a further steep ascent of Bitcoin.

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