EXAMPLE:

Chicagos got itself an entirely new subway series, with the citys largest
derivatives exchanges (CBOE and CME) racing to list Bitcoin futures contracts
first.

Yesterday, CBOE beat its competition to the punch, marking its calendar for
December 11tha week before CMEs listings will hit the market.
Heres how itll work: CBOE contracts will be priced by Gemini (the crypto
exchange run by the Bitcoin billionaires themselves...Cam and Tyler
Winklevoss).

Then? Hungry Wall Street investors will pour millions into short and long
positions, betting on the direction of cryptocurrency.

And for a lot of investors, itll finally be their chance to bet against Bitcoin
Everyone from your grandma to hotshot hedge fund managers like Mike
Novogratz has helped inflate Bitcoins price to ~$11,800. If you invested just $1
back in 2010, youd have about $1.4 million now.
And while Novogratz believes this is just the beginning, Wall
Streets thinkingmore along the lines of the Jamie Dimons, Warren Buffetts,
and Mark Cubans of the world:
short...short...SHORT.
Critics of the cryptocurrency argue theres nothing intrinsically valuable about
Bitcoin. Put it this way: would you rather invest in a stock that generates
earnings and pays you dividends, or an overpriced asset that offers you neither?

All-in-all, some investors see it as the economys best short since the dot-com
bubble.

But there are always two sides to the coin

Those who dont want to watch the crypto burn have high hopes for futures.

They offer more legitimacy to a currency with practical economic

applications (the tech allows for faster transaction speeds and cleaner
back-end paperwork for big institutions).
They open the door to other financial instruments (like Bitcoin ETFs).
A regulated exchange could stabilize the daily mood swings of the
currency.
So either way...whether you hate it or you love itBitcoins here to stay.
Regardless of your view on crypto, adoption of futures instruments (and
potentially ETFs very soon) will allow institutional investors that have wanted
to participate in the space to actually participate.

There will be large shorts and large longs, but aside from significantly more
money flowing in and out of the space, institutional participation could also
create a domino effect of the retail investor masses getting involved.
Only recently do I think that dumb money has started to participate in crypto
investing (hence the price move to $11,000+), and I only think that trend will
continue as mom-pop-and-son choose to invest in Bitcoin (or other alts) or at
least get motivated to learn more about the space.

Bitcoin is a bubble.

But Bitcoin can be very profitable before that bubble bursts.

In fact, several hedge fund managers are looking to time that bubble precisely
and profitably.

I do not suggest that you should feed the frenzy by going long in the short-term,
but simply am offering my perspective on what I think can happen.
We write about Bitcoin and crypto in our free business daily newsletter at least
once a week. If youre into crypto and the broader business implication