Bitcoin Futures Deliver Wild Ride as Debut Brings Rally, Halts - Bloomberg

Futures on the world’s most popular cryptocurrency surged as much as 26 percent in their debut session on Cboe Global Markets Inc.’s exchange, triggering two temporary trading halts designed to calm the market. Initial volume exceeded dealers’ expectations, while traffic on Cboe’s website was so heavy that it caused delays and temporary outages.

The so what: Bitcoin continues to get more mainstream + Wall Street coverage. Everyone on Wall Street seems to be calling bubble, but bubbles are inherently irrational and thus almost impossible to time. Is the bull case scenario for bitcoin that it replaces gold as a store of value? I'm still not sure yet, let me know what you think in a reply!


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