Even the combatant nation can't hold on! The Moscow Exchange launches Bitcoin futures, is the crypto world about to change?
That group of tough guys in Russia who love to wear fur are actually starting to play with Bitcoin futures! The Moscow Exchange's move is simply more surreal than the Christmas carols suddenly playing on the battlefield in Ukraine.
Even the combatant nation can't escape the 'true fragrance law.'
Weren't we supposed to be 'de-dollarizing'?
Last year, the Russian central bank was still banning cryptocurrency trading, and this year they are opening the green light for qualified investors. This change happened faster than Ethereum's transition to POS. If you ask me, this isn't a compromise; it's clearly a realization — the energy stick doesn't sway the globe, Bitcoin is the real hard currency.
Is the 'nuclear button' of the crypto world handed over to the Russians?
Don't think that Russians only know heavy industry; they have a hereditary skill in leveraging. The Bitcoin futures launched by the Moscow Exchange directly targets CME, but the entry threshold is absurdly low — as long as you are a 'qualified investor,' you can enter the market with just $100,000. This move is likely to draw in all the miners and oil tycoons from Eastern Europe, and Bitcoin's volatility may be more intoxicating than vodka.
Is it a frenzy for the retail investors, or a feast for the institutions?
Old retail investors know that the futures market has never been a game for individual investors. Russia's apparent openness actually keeps 99% of people outside — if you don't have a few million rubles in assets, you can't even touch the doorknob. But the undercurrents are even stronger: Bitcoin futures settled in rubles can easily bypass SWIFT sanctions, and Putin's chess game is deeper than blockchain.
My exclusive spoiler
If you ask me, the most ruthless part isn't the futures themselves. Is this the script before the Chicago Board Options Exchange launches Bitcoin futures?
Finally, follow me to see through the phenomenon to the essence, let's travel through the bull and bear markets together.