For those unaware of the recent news (briefly mentioned in this article) which is driving the prices crazy the past couple of weeks, it's because the two bigges

For those unaware of the recent news (briefly mentioned in this article) which is driving the prices crazy the past couple of weeks, it's because the two biggest derivate exchanges form Chicago are launching Bitcoin Futures soon. CBOE launching this Sunday on Dec 10th 6pm EST. CME launching on the 18th [1]. 10th would be a very interesting day for traders. I am no expert at all but from what I can tell, this will make it easier for big institutions to short the Bitcoin (all transactions happening off the blockchain though). There are specualtions that prices are going up just before the launch and might take a dive with the shorting after. BUT if there's anything that've learned trading BTC on the side: anything can happen, it's got a mind of its own :) Either way, I think this is good news for the long run as it legitimizes BTC (There are rumors of Nasdaq and other exchanges globally getting in soon as well next year). If you thought 2017 was fun, wait till you see what 2018 has in store for cryptos. [1] - https://www.cnbc.com/2017/12/04/cboe-announces-it-will-launch-bitcoin-futures-on-dec-10.html https://www.cnbc.com/2017/12/04/cboe-announces-it-will-launc...