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About Bitcoin

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Cullen: Concerning your interesting thoughts on Bitcoin, I would like to add that soon there will be a. futures market on the currency which will traders to short it. Also, I think we can expect at some point we will be able to borrow Bitcoin which means there will be a yield curve. It seems to me those tow things will add stability to it. Do you agree?

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Posted by (Questions: 10, Responses: 17)
Posted on 12/01/2017 11:44 AM
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Hi John,

Yes, a deeper market for BTC should increase stability, but this is still and always will be an asset with no cash flows that is based entirely on a network effect. It will always be very volatile because the only thing that really supports it is faith in the asset as a medium of exchange.

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Cullen Roche Posted by (Questions: 10, Responses: 1800)
Answered on 12/05/2017 10:28 PM