BTC itself or futures ?
US labels cryptocurrencies threat to national security
- Thread starter mlawson71
- Start date
From what I remember it was futures, not sure if they were cash or physically settled though.
Where did I say I am more intelligent? Paul Tudor Jones has his monies in Bitcoin. What do you think he will say? It is in his own self-interest to say so. You think he will say Bitcoin is worthless? When he gets out, he probably, will say it is worthless at that point. People are still going to pay because of their greed. Like the Tulip bubble. Remember that? This is the last from me. I have made my point. You are entitled to your opinion as I am to mine.
How can you physically settle a digital asset? Very silly idea. It is financially settled.
"...This allows investors to receive physical delivery of BTC"
So what does a bitcoin look like? This?
Glu glu glu GLEE glee glee gleee...Da da da!
Well, we know what that means. The government is going to clamp down on the cryptocurrencies that we are now familiar with and create their own.
Yep, that's pretty much it how this is all going to play out. If they can't track it and tax it they will crush it. Paper money will be gone and no matter what the Gold Bugs say, they will not be buying shit with their gun safe full of gold and silver coins.
Cryptocurrency futures could be cash settled, like S&P futures, or they could be settled with delivery of the cryptocurrency. No, you are not delivering a physical asset, but you are delivering the underlying, instead of settling in cash.
I don't trade crypto at all. And I don't even know whether the BTC futures at CME are settled in cash or with delivery of BTC. I'm sure someone here will tell us. But my point is that however those futures work--cash settlement or delivery of the underlying crypto--it could be the other way, with some other futures product that has different specs.
BMK