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Veteran Trader: ‘Bitcoin Futures Will Trade Like Garbage’
Via Kevin Muir of “The Macro Tourist” fame
I have long lost any tiny shred of respectability in terms of my bitcoin calls. Not only was I the idiot who passed on Bitcoin at $5 (My Great Bitcoin Bungle), but I have steadily expressed apprehension about jumping aboard the world’s greatest bubble, ooops, sorry - bull market.
Now before you dismiss me as some ancient out-of-touch finance guy who doesn’t get it, remember that I was mining bitcoins and arbing between exchanges before most
Not to brag but if this thing has put options, I will make a profit.
1000% agree on taking ownership. Trust an exchange for no longer than necessary and with no more of your asset’s than necessary. The tech is secure, exchanges are vulnerable. As for futures, yeah I expect that anyone who really wants BTC exposure will just find a way to buy them.