CME Will Trade Bitcoin Futures Products

I wondered how the JP Morgan CEO felt about this decision from CME.

The JP Morgan CEO came out and said that Bitcoin was a fraud, and it was a product for North Korea.  CME apparently has disagreed.  It’s planning to launch the Bitcoin futures products on the exchange.

Because of this news, Bitcoin went through the roof.  It’s currently close to $6,600.  It was just below $6,000 on October 28.

Back in September, China announced that it would ban the Bitcoin trading.  Bitcoin dropped more than 30% because of that.  Later, JP Morgan CEO criticized the cryptocurrencies.  Who would have thought Bitcoin could come back even stronger and almost double its value from the September 14 low, $3,238, in less than 2 months?

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