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Nationalist Pundit

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Blog posts : "bitcoin futures"

Bitcoin Futures Launched, Crypto-Currency Mania

On Sunday, the Chicago based Cboe Global Markets exchange launched Bitcoin futures trading. By close of markets on Monday, Bitcoin futures settled at $16,680 after flirting over $18680. Bitcoin is an alternative currency, digitally based created in August of 2008 by Satoshi Nakamoto. At that time, it had essentially zero value. Throughout most of the next several years, you could ′buy′ as many as 3 to even 33 Bitcoins for just $1US. But, the digital currency began to catch on as some retailers and smaller banking services began to accept them as cash. By 2013, 1 Bitcoin was worth over $260. It even briefly spiked in 2014 at around $1,200. The controversial currency ebbed and flowed for the next several years from about $60 to $1,500. Today, some say it is worth at least $2,000 a ′coin′. While many ′experts′ say that Bitcoin is a Ponzi scheme, a fraud, or at the very least, a ″speculative bubble′, others claim that Bitcoin is the future and could be worth as much as $250,000 each by 2020.

 

 

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