The advent of Bitcoin ETFs, Futures trading, Margin and everything in-between reminds me of the derivatives bust of 2007 - 2008. Crypto is fast becoming divorced from its cryptographic utility and becoming a vehicle for wild and complex financial speculation. At this rate, one of 2 eventualities is possible neither of which are particularly attractive:

1. Regulation

2. A nasty bust then regulation

#ONG #bullorbear #treesdontgrowtothesky