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Bitcoin: Digital currency or digital tulip?
Weekly Market Review: Assessing the positives and negatives of bitcoin
By Kristina Hooper, Global Market Strategist
Now, for the first time, investors are able to purchase futures on bitcoin, the digital currency. The Chicago Board Options Exchange just began offering derivatives contracts on bitcoin, which provide the ability to bet on the future price of this cryptocurrency. The CME Group will also be offering derivatives contracts on bitcoin in the coming week. Investors seem to be excited about this opportunity, sending the price of a single bitcoin thousands of dollars higher in the past several weeks in anticipation of the launch of these futures contracts.
Opinions are split on bitcoin...
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