Keep in mind banks are centralized benevolent organizations.
Banks and large financial institutions cooked up the economic crash of 2008. 🤔
Link to CNN Article: http://money.cnn.com/2017/12/07/investing/banks-bitcoin-futures-trading-cftc/index.html
.....I will say this though - Bitcoin futures will bring shorters/bearish traders into the Crypto-Currency market purely for profit. This flow of money is not interested in Bitcoin and block-chain tech, it is only interested in profit. Price manipulation will definitely increase because futures will allow traders to make money on Bitcoin losing value. Those who know how to trade will now be able to make profit on up moves and down moves within the BTC market. However! ....futures will be a double-edged sword because it will also allow investors who are holding BTC to hedge their investments from a potential downturn. Futures are a "new-old" financial instrument added to the Crypto-Currency sphere but in the grand-scheme I think futures understood in the right context and used correctly won't dramatically negatively affect BTC holders.
Banks and Wall Street type financial institutions are the real danger. Don't be fooled. Stay woke.
[Ford Mogul]
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