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RE: Bitcoin Futures On CME Opening At Over $20k

in #bitcoin8 years ago

It is the price whoever is closing the deal will have to pay whenever the contract expires. Imagine you are a company and wants to have a nice amount of bitcoin at a fixed price for next month. You bet on a price and expect that price will be lower than the real one, when you have to buy the contract. Future price reflect the sentiment of the market in the future, if today trading price for January future contract is $20.000 it means traders expect Bitcoin will reach that price by January.