CME plans to launch bitcoin futures by year-end

www.cnbc.com

CME announced Tuesday it plans to launch bitcoin futures in the fourth quarter, pending regulatory review. Bitcoin rose to a record high above $6,400 Tuesday morning, according to CoinDesk, after the announcement by the world's largest futures exchange.

The So What: Last week, bitcoin hit a high of ~$7,500 after quickly breaking through the $6k mark, with a lot of the activity seemingly driven from CME's announcement of bitcoin futures this quarter. On another note, I was at dinner with a friend this weekend and his “investing” approach is: every time someone new asks him about bitcoin, he buys until the day his parents ask him and then he’ll sell. So far, so good...

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