Brian, since so few people own most of the Bitcoins out there and can in effect set the price themselves, aren’t they going to win big here? What is the rational for futures in an opaque market (bearing in mind that the Tulip bubble was a bubble in options not actual bulbs)?
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David, I hear ya. You know we are in new territory here. If math is the basis for a new asset class, Bitcoin has the game theory mechanics behind it to become the first order default. It inturn has feed the ETH market as the funding source. Interesting times sir.
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I’m confused. 1) I thought it got up to $19k last week. 2) and this may be a very stupid question—when do bitcoin markets actually close?
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John, great questions. Indeed on some exchanges Bitcoin was over $20,000. I use a few more solid exchanges for the real highs in an official sense. The exchanges never close 24/7 world wide.
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