I’ve read plenty of speculation that futures markets are used to drive down the price of a commodity, whether it’s gold or bitcoin. People point to bitcoin futures being introduced in December 2017 and the price immediately falling, as an example of this. We will know in three years if this is true if we don’t see another bullrun, especially after the halving. Then bitcoin is no longer cyclical in its growth, and something else is affecting price.
What are good arguments against this line of thinking?
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