We see many compelling reasons to load up on Bitcoin futures. We will be actively tracking the impulsive leg up to our target of $20,000.
Our view
- Bakkt platform daily futures volume hit all-time high during November 2019
- Exchange-traded bitcoin options launched Monday on the Chicago Mercantile Exchange
- Increased institutional flow should support next leg
- Increased mainstream adoption (inc. blockchain adoption by China)
- Bitcoin Halving occurring 18 May 2020 should prop up underlying demand
- Cyclical market movements and technical factors
We've added buyside exposure to both our macro and directional portfolios.
Your engagement matters to us! Let us know your thoughts on where Bitcoin is headed next in the comments below.
Our view
- Bakkt platform daily futures volume hit all-time high during November 2019
- Exchange-traded bitcoin options launched Monday on the Chicago Mercantile Exchange
- Increased institutional flow should support next leg
- Increased mainstream adoption (inc. blockchain adoption by China)
- Bitcoin Halving occurring 18 May 2020 should prop up underlying demand
- Cyclical market movements and technical factors
We've added buyside exposure to both our macro and directional portfolios.
Your engagement matters to us! Let us know your thoughts on where Bitcoin is headed next in the comments below.