Re:CBOE Will Start Bitcoin Futures Trading on December 10
by api on Monday December 04, 2017 @11:25AM
(#15845025)
Principles of any kind tend to go out the window pretty fast when large sums of money are on the table. Those who cling to principles get sidelined by pragmatic hustlers.
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Re:CBOE Will Start Bitcoin Futures Trading on December 10
by JumpCrisscross on Monday December 04, 2017 @11:29AM
(#15845066)
> Those who cling to principles get sidelined by pragmatic hustlers
I'm not judging said investors. As Matt Levine said, "'the need for a bitcoin ETF,' I once wrote, and it is just as true of a bitcoin future, 'is an argument against buying it'" [1]. Though, at this point, Wall Street is simply thrilled they've been given a magic number around which to design securities and for which any faults can be safely blamed on Silicon Valley.
[1] https://www.bloomberg.com/view/articles/2017-11-22/uber-hack...