Former CFTC Chair Chris Giancarlo: Futures Bring Bitcoin (BTC) Out of the Dark

futures signal the maturation of the market, stated Chris Giancarlo, former chair of the Commodities Futures Trading Commission and one of the mainstream Bitcoin (BTC) proponents. He stated that the futures markets have grown significantly in the past year, to about 50% of the spot market volume.

Giancarlo sees the futures markets as a source of new liquidity, which, however, may not push up the prices in speculation.

“At the moment, the $200 billion market capitalization of crypto probably represents only about $10 billion of real money invested—the rest is paper profits. This is one source …

This article appeared first on Cryptovest

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