Tom Lee: the fed Ethereum will lead to the growth of Bitcoin
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Tom Lee believes that the futures Ethereum will create the opposite trends in the price movements of the two most famous cryptocurrency. My point of view the analyst supports the fall of Bitcoin just after futures on the coin appeared on the CBOE. About it writes .
theHistory repeats itself, waiting for the fall Live
At the end of 2017, the price of Bitcoin reached its peak after just a few days after entering the futures on the CBOE and CME. the price sharply went down. At the moment Bitcoin fell more than 60 percent of his maximum price.
Li says the futures will allow the bears to open short positions profitable cryptocurrency.
From December this year any player on the decline could just short sell Bitcoin and earn great money. Now traders will short sell the Ethereum, and therefore, the number of short positions on Bitcoin significantly reduced.
However, some analysts believe that the impact of Bitcoin futures on the stock market was . With Ethereum can repeat the same story.
The time to wait for futures Ethereum is very long. CBOE expects «green light» SEC. Soon the financial regulator to fully endorse the initiative by the Chicago Board options exchange.
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