While it’s still to early to tell, the CBOE Bitcoin futures launched last night with a 20% increase in BTC price.

Here’s the current price:

And this isn’t to surprise many.

People have been citing CBOE launch charts, showing previous examples (like Uranium) and speculating about what will happen.

As well, the 18th marks the CME launching their version of bitcoin futures.

Despite that, it leads to a bigger question.

What Will CBOE Bitcoin Futures Impact Actually Be?

This market has two sides.

The pessimists and the optimists.

Just like when John Law started the stock market, there were people that wanted to spread FUD in order to crash prices and make them more affordable.

Although, there were others trying to drive the price up.

Now the CBOE bitcoin futures operate on a bit of a different mechanism.

They are trading on the results and outcomes of trading.

Operating in a vague shadow type territory.

There has been a lot of speculation that this will lead to market manipulation and that “big money” will ultimately manipulate and control Bitcoin and its prices.

Although, the thing is…

Bitcoin is antifragile

After Mt.Gox people thought that it would shake the price, then came this drastic rise, segwit2x, the nicehash hack, so on and so forth…

We can see the antifragility of Bitcoin come into play.

Bitcoin doesn’t get broken with some new introduction, instead, it seems to get stronger and more resilient.

Like Darwin’s true definition of fitness, Bitcoin is adaptable.

Leading us back to Bitcoin futures whether on the CBOE, CME or NYSE.

Bitcoin’s price may fluctuate until it adapts and the market realizes that what lies in Bitcoin and what Bitcoin is, is not futures.

These are exciting times in the crypto space and we thank you for sharing them with us.

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Thanks for reading,

Your GCA Team

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