Monday 4 December 2017

Time to 'slow think' about Bitcoin?


Bitcoin Futures Could Trigger a Lehman-Style Collapse, Billionaire Warns

Bitcoin prices soared to a new high last week on the news there will be a futures market for the currency starting on Dec. 10. But not everyone is optimistic.

According to billionaire Thomas Peterffy, CEO of the brokerage giant Interactive Brokers (ibkr, +1.43%), there’s a small but very real possibility that a futures market for the volatile crypto-currency will cause the financial system to buckle and trigger a crisis similar to 2008.

Peterffy told Fortune he’s relayed his concerns, which he described in a full-page letter in the Wall Street Journal, to the head of the country’s commodities regulator, but was told the agency can’t do anything to slow down the launch of the new bitcoin products.

See more at:
http://fortune.com/2017/12/04/bitcoin-futures/