While futures were established to protect agricultural firm owners’ crops against seasonal variations, they swiftly spread to Chicago, where they became the Chicago Mercantile Exchange, or CME, a fight for bears and bulls.
This volatile technology enabling “mostly” correct price discovery in a liquid and “partially” open market quickly developed to dominate dollar-denominated marketplaces.
Americans found themselves in need of speculating and investing in counteracting the energy loss of their dollar-denominated savings as technology and the market evolved, as well as the leaky entropy of 2% annual inflation.
With zero-fee broker apps and near-zero-fee bitcoin exchanges, the accuracy of price discovery has enhanced due to the massive increase in market participants.
While the 100x BitMEX casino appears to have lowered the amount of amplified leverage in the system, actual capital invested in the bitcoin market has increased dramatically.
Despite the odds, the launch of a spot ETF may bring trillions of dollars into the market, with many of these zeros flowing into short positions – wagers against bitcoin’s ascent against the US dollar.
These bears’ sacrifice will be expressed in liquidation tweets and quick, upward green candles throughout the numerous exchanges and markets linked by Bitcoin’s open monetary network.
As more of these bears are murdered by the widespread awakening and comprehension of Bitcoin as a truly free market, the price of Bitcoin is viewed to become increasingly accurate thanks to arbitrage bots and the aforementioned free-market impacts.