marcus_of_augustus
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November 16, 2017, 11:02:21 PM

https://www.cnbc.com/2017/11/15/thomas-peterffy-keep-bitcoin-away-from-the-real-economy.html

The chairman of Interactive Brokers is saying that futures trading of Bitcoin through CME could be the cause of the next financial collapse. He took out a full page ad in the Wall Street Journal to warn about it.
What's he, the father of high freq trading, really concerned about? That the 'real economy' is just a sham of made up numbers on trader's screens? The whole thing sounds very fragile if it cannot handle being linked to bitcoin through cash-settled futures trading.