Very good perspective! While I agree that this is one component to lead to mass adoption by hedging the BTC receipts from retailers; the challenge continues to be high fees when the transaction occurs. If you look at major retail income statements, you can see that margins are below 5-10% most times. If Bitcoin transaction become more expensive that traditional payments (i.e. PayPal for online, credit cards for brick & mortar), then it eats into their margins and will not incentivize them to accepting these payments. This would get even worst if they open the doors completely as Bitcoin cannot scale at the moment. However, getting futures online does create a foundation. For the meantime, miners would probable benefit the most from futures as they can hedge their future earnings as they mine for bitcoin. Supply is as important a factor as demand! Great post, thanks!
You are viewing a single comment's thread from: