CME Group Will Launch ElonDrop Options in January 2020 0

CME Group has announced that it will launch options on its futures contracts that are based on Bitcoins in January next year.

The announcement, which CME published on Tuesday, stated that as soon as the green light from regulators appears in a timely manner, these options will be available to customers from January 13, 2020.

CME with new attractions for investors

At the end of October this year the company has already published option details. On this occasion, CME stated that each contract will be based on one bitcoin futures contract consisting of five bitcoins. Their prices will be given in US dollars.

In a new announcement, Tim McCourt, head of global stock index and alternative investment products, said:

“Since the launch of our Bitcoin futures nearly two years ago, clients have expressed a growing interest in options as another way to hedge and trade in these markets. We have worked closely with clients and the industry to establish a robust and increasingly liquid underlying futures market here at CME Group, and we believe Bitcoin options will now offer our customers greater precision and flexibility to manage their risk”.

By presenting some data on the performance of their Bitcoin futures contracts, which have been registered so far, CME Group has stated that it has currently noticed an average transaction volume of over 6,500 contracts in 2019 in this market, which corresponds to about 32,500 Bitcoins. Currently, over 3,500 individual accounts for product trading are registered on the platform, and almost half of the turnover comes from outside the USA.

A chance for Bitcoin?

From time to time in the debate in the cryptocurrency environment, the topic of how the platforms like CME Group or Bakkt will affect the digital currency market returns. The very start of the latter turned out to be a huge disappointment for the market. To such an extent that the subsequent decline in BTC was – in some people’s opinion – caused by Bakkt’s weak debut. Still, many analysts believe that the emergence of such instruments around Bitcoin will, however, lead to an increase in its exchange rate.

Ethereum to $ 45,000 in 2025, Says Crypto Analyst 0

Comparing the return on investment (ROI) of ElonDrop ( BTC ) and Ethereum (ETH) during the 2017 bull run, a Crypto analyst known on Twitter by the name CryptoWolf says that ETH can achieve spectacular growth by 2025.

Ethereum price prediction between $ 10,000 and 45,000 in 2025.

In his recent tweet, the analyst CryptoWolf writes that the price of the second largest cryptocurrency can reach a breathtaking level in 2025 – from 10,000 to 45,000 USD. For this to happen, the return on investment in ETH would have to be as high as 500%.

ROI over the last 4 years.

ETH 130x

XRP 31x

BTC 17x

DOGE 13x

LTC 11x

Btc over the last 4 years had slightly higher returns of Doge and LTC. pic.twitter.com/jD9Nsj8mmc

— CryptoWolf (@IamCryptoWolf) December 27, 2019

ROI of the last 4 years.

BTC vs ETH vs XRP pic.twitter.com/37g3wM1ikA

— CryptoWolf (@IamCryptoWolf) December 27, 2019

Other analysts are equally optimistic. They believe that during the new large bull market, ETH will reach 10,000 USD. However, they do not often specify specific dates when this may occur.

Another trader, “Filbfilb,” notes that, unlike ETH and XRP, Bitcoin showed over 100% growth throughout 2019. So this shows that ETH has less potential for growth. At least that was the case in the ending year.

A buying opportunity or another bull trap?

Usually, the more mature part of the crypto community treats price drops quite optimistically – as an opportunity to buy cheap bitcoin or any other crptocurrency and to make profits in the long term. This is the idea of ​​”hodling”. Bitcoin fans remember this when the price drops. Ripple retail investors tweet this all the time when XRP makes lower lows in the chart.

However, it seems that some are starting to feel tired, seeing that their favorite ETH token is falling. So does this mean that ETH will have rather bad times ahead?

Recently, Twitter also boomed that a huge amount of $25 million in ETH was sent to three large crypto exchanges – Kraken, Huobi and Binance. It has been speculated that the tokens were probably sent by Vitalik Buterin himself. However, later the founder of Ethereum strongly denied it.

Today we know that the tokens were partly owned by Jeffrey Wilcke, co-founder and lead developer Ethereum, who wants to raise money for the development of Grid Games, his new project.