Apologies for the extended silence. We had issues come up last month. We back and gearing up to get back to deliver more #crypto and #blockchain content this year. Stay tuned.
Futures did NOT ruin #Bitcoin.
Ponzi schemes and poorly run/scammy ICO's ruined faith and trust in cryptocurrency.
Futures are a commercial hedging tool for miner's so that they can lock in guaranteed profitability, similar to the farmers markets use futures with commodities.
➡️ Deribit Bitcoin options open interest over the last year in bitcoin terms
Can you tell which are the quarterly, monthly and weekly expiries?
Interesting to note the market grew during Q1 this year - prior to the rally in spot