What is the real correlation or the future effect on Bitcoin prices due to the adoption of CME futures of bitcoin after Dec. 2017?
I do not quite understand how will CME be able to deliver bitcoin through futures at the end of an expiration period when bitcoin is a decentralized system, peer to peer without the third party CME?
How will CME be able to accomplish futures unless they buy bitcoins in the decentralized system and transfer to their CME wallet the bitcoins and deliver the coins to future buyers at expiration? Since the CME and Bitcoin exchange is not the same systems how will this be accomplished by law without jeopardizing the decentralized exchange?
e-gold was eventually banned legally by entrusting the 3rd party body?
https://news.bitcoin.com/the-satoshi-re ... -2-part-3/
If CME gets its foot in the bitcoin decentralized door, it could be considered a 3rd party active in bitcoin trading. Bitcoin should be a trademark and does CME have permission from Bitcoin to trade the name out of the centralized vs. decentralized system?
Already CME trades gold futures digitally which cause price manipulation of gold by rolling contracts digitally by postponing physical delivery of gold and rolling them into future digital contracts. Having said all of this I am doubtful that CME futures in bitcoin will be of any good for bitcoin holders, and the risks it brings.