online gambling singapore online gambling singapore online slot malaysia online slot malaysia mega888 malaysia slot gacor live casino malaysia online betting malaysia mega888 mega888 mega888 mega888 mega888 mega888 mega888 mega888 mega888 Bitcoin Analyst: Bitcoin Futures Do Not Manipulate Bitcoin Price In Spot Market

摘要: According to a Bitcoin analyst, PlanB, creator of one of the most accurate Bitcoin price models, on April 7, 2020, claimed that Bitcoin Futures do not affect the price of Bitcoin in the spot market. In his tweet, he said that Bitcoin prices stayed within the S2F bands even when Bitcoin was at its all-time-high (ATH) in December 2017 which many people claim was suppressed by the introduction of Bitcoin Futures in Chicago Mercantile Exchange (CME) in 2017.

 

 

He went on to say that Bitcoin performed as expected even after the Bitcoin Futures had hit the market in 2017. The reason to clear the air and the link between Bitcoin and Bitcoin Futures is because many people in the crypto community have started speculating a pattern in the Bitcoin price drops which is coinciding with the settlement dates of Bitcoin Futures.

"Absolutely! Real Bitcoin is something completely different than paper bitcoin. Real bitcoin is a bearer asset that can be used as collateral (e.g. for borrowing), paper bitcoin is an IOU like debt and your bank account (it's yours until it isn't," said PlanB.

According to PlanB, the Bitcoin price is a function of the interaction between the miners who pump in the 'new' bitcoin in the system and the already circulating Bitcoins in the market. He made a model on the basis of this function and it has been extremely efficient. However, the model still faces criticism from many industry experts.

One of the twitter users, Josh Kernan, cited a research report from the Federal Reserve Bank of San Francisco which claimed a direct connection between Bitcoin price and the Bitcoin Futures.

 

 

......

詳見全文Full Text: blockchain.news

若喜歡本文,請關注我們的臉書 Please Like our Facebook Page: Big Data In Finance

 


留下你的回應

以訪客張貼回應

0
  • 找不到回應

YOU MAY BE INTERESTED