‘no way to properly’ short bitcoin bubble expert warns
Last Updated : GMT 06:49:16
Arab Today, arab today
Arab Today, arab today
Last Updated : GMT 06:49:16
Arab Today, arab today

‘No way to properly’ short bitcoin bubble, expert warns

Arab Today, arab today

Arab Today, arab today ‘No way to properly’ short bitcoin bubble, expert warns

The bitcoin securities will track the price of virtual currency as quoted on Gemini
London - Arab Today

Nassim Nicholas Taleb, an academic and expert on the derivatives market, has tweeted a warning about using future contracts to hedge the rising price of bitcoin.
In a Tweet dated Dec. 9, he said: “… there is NO way to properly short the bitcoin ‘bubble’.”
His tweet went out just before the virtual currency began trading on the Chicago Board Options Exchange (CBOE) on Sunday night, a move which will allow investors to bet on the direction of bitcoin ­prices.
“Any strategy that doesn’t entail options is nonergodic (subjected to blowup). Just as one couldn’t rule out 5K, then 10K, one can’t rule out 100K,” Taleb said within the same tweet. The bitcoin securities will track the price of virtual currency as quoted on Gemini, a large bitcoin exchange.
Taleb has around 228,000 followers, and is known for predicting Black Swan events, including forecasting the 2008 crisis and the outcome of the 2016 US presidential ­election.
In a later tweet, he wrote: “Note that bitcoin has a limited number of natural sellers. The entire concept is very concave supply (it costs more and more to extract). The number of producers shrinks with time.”
Following the launch on the CBOE, bitcoin is expected to be listed on the Chicago Mercantile Exchange by the end of the month.
The listing of bitcoin on exchanges is seen by some as an attempt to legitimize the cryptocurrency, as well as make it easier for people active in conventional investment banking to buy the asset.
In the run-up to the launch, bitcoin’s value rose to more than $17,000 before dipping.
The opening price for the bitcoin futures was $15,000, according the CBOE statement. Over the past five years, the total value of all outstanding bitcoin has grown from less than $1 billion to more than $262 billion as of Dec. 8, according to the statement.
The total value of all cryptocurrency tokens stands at approximately $423.7 billion, the statement said.
Bitcoin has gained in popularity in recent years as a currency that is not tied to a bank or government, enabling people to spend money anonymously.

Source:Arabnews

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

‘no way to properly’ short bitcoin bubble expert warns ‘no way to properly’ short bitcoin bubble expert warns

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

‘no way to properly’ short bitcoin bubble expert warns ‘no way to properly’ short bitcoin bubble expert warns

 



GMT 10:29 2013 Monday ,02 December

Cyprus university first to accept bitcoin

GMT 13:27 2018 Tuesday ,11 December

France and the crisis of democracy

GMT 18:27 2017 Monday ,13 February

UN Voices Concern over Baghdad Demonstrations

GMT 03:11 2016 Friday ,01 July

'Hunger Games' studio Lionsgate

GMT 18:33 2017 Thursday ,23 March

US Forces Air- Dropped near Al Raqqa in N of Syria

GMT 19:41 2011 Tuesday ,26 April

Mom on trial for 3rd time for killing baby

GMT 20:53 2017 Tuesday ,08 August

ELLE (UK) appoints literary editor

GMT 16:08 2017 Wednesday ,22 February

Qatari banks merger to rebalance financial sector

GMT 16:56 2017 Sunday ,01 October

E-commerce site Noon.com finally goes live

GMT 17:16 2017 Sunday ,05 March

Ruler publish new book on happiness, positive

GMT 04:17 2017 Sunday ,08 October

Ferrari Fragrances launches Christmas Gift Sets

GMT 04:03 2017 Tuesday ,19 September

First Italian Netflix series infiltrates Rome mafia

GMT 03:08 2017 Monday ,06 February

Angola’s president to step down after 37 years

GMT 13:03 2014 Tuesday ,16 September

Deng Xiaoping biopic-inspired book recommended to cadres
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday