I believe that tecnically what you said in the video is correct.
But personally i believe that bitcoin price will be moved by the future market because it will be the merket under all word's eyes.
Then, we also have to consider that future will be based on a index of prices based on exchanges Bitstamp, GDAX, itBit and Kraken. So the reference market won't be as big as the whole bitcoin market and will be itself easier manipulable than all the BTC market.
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PS: you can find official CME announcement with exchange list here http://www.cmegroup.com/media-room/press-releases/2017/10/31/cme_group_announceslaunchofbitcoinfutures.html
maybe you already know the link, but I imagine some users will find this info useful :D