First Mover: Derivatives May Have Blunted the Halving’s Volatility Spike

2020-5-13 15:00

The anemic price action surrounding bitcoin's third halving has led to head-scratching over why the cryptocurrency didn't moon. One possibility: Derivatives are bringing more price discovery.

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CoinShares CSO: The rising popularity of Bitcoin derivatives means the 2020 halving won’t push its price up

The May 2020 Bitcoin halving might not have such a dramatic effect on Bitcoin’s price. According to Meltem Demirors, the chief strategy officer of CoinShares, the popularity of the Bitcoin derivatives market means that the price of the underlying asset is becoming less relevant, which will keep it in check even after the halving.

2019-12-28 00:39