While some investors are actively avoiding bitcoin, others are eagerly awaiting the trading of bitcoin futures.

Action at the CME actually looks like it will start on Globex on the evening of Sunday Dec. 10, but it will be for Dec. 11 trade date. This news could help drive prices toward our goal of $9,000.:

Of course, A well-known electronic brokerage firm is issuing dire warnings against the CME Group’s plan to launch a bitcoin futures contract next month. That said, futures are a go.

Each contract will be for five bitcoin, with minimum ticks of $5 per bitcoin, or $25 per contract.

Special price fluctuation limits will be 7%/13%/20% above/below the previous day’s settlement.

Click here to see the contract specs

 

We want you to join our community, for FREE.

Benefits of signing up for a FREE membership now:

-No more costly delays in waiting for material

-Dozens of publications per week, including news coverage, earnings commentary, analysis, politics, and more

-Access to special guest contributions, including from WSJ, CNBC, and prolific SA authors

Ability to comment on articles

Access to our weekly newsletter

-Publish your own opinion/analysis

…..and FREE access to our upcoming paid content for life

CLICK HERE: All you have to do is register, and join the community today. 

Thank you for your readership, and for your loyalty.

Regards,

Quad7Capital

——

Not interested? We understand. However, you will miss out on the insights we have provided over the years, that helped drive us to the NUMBER ONE AUTHOR on long ideas on the Seeking Alpha Platform,

Please Like And Share Our Content!