Bitcoin Traders Will Create a Perfect Opportunity… in Gold

Liftoff: Bitcoin futures are up and trading. Given the huge buzz around the cryptocurrency, its first day was surprisingly tame - at least by Bitcoin standards. Futures rocketed 20% at open before dropping back beneath $18,000. That's still nicely above the $16,649 mark Bitcoin was sitting at midday yesterday, but you've got to remember, Bitcoin's up more than 66% since Dec. 1. Reuters' "Breakingviews" noted futures volume was around $50 million, just 0.5% of the volume of actual bitcoins in the prior 24 hours. Now, it's possible lots of would-be traders were sitting out the first day, pulling a "wait-and-see" on possible expensive glitches. But then again, the first day doesn't matter much. I think Bitcoin futures will be big - much bigger than they are now. I'm not trading just yet. It's a little dangerous for my taste, but I will eventually. And I'm going to do it in this very specific, high-profit way that I'm going to show you right now... Tags: bitcoin To get full access to all Money Morning content, click here About Money Morning: Money Morning gives you access to a team of ten market experts with more than 250 years of combined investing experience – for free . Our experts – who have appeared on FOXBusiness, CNBC, NPR, and BloombergTV – deliver daily investing tips and stock picks, provide analysis with actions to take, and answer your biggest market questions. Our goal is to help our millions of e-newsletter subscribers and Moneymorning.com visitors become smarter, more confident investors. Disclaimer: © 2017 Money Morning and Money Map Press. All Rights Reserved. Protected by copyright of the United States and international treaties. Any reproduction, copying, or redistribution (electronic or otherwise, including the world wide web), of content from this webpage, in whole or in part, is strictly prohibited without the express written permission of Money Morning. 16 W. Madison St. Baltimore, MD, 21201. The post Bitcoin Traders Will Create a Perfect Opportunity… in Gold appeared first on Money Morning - We Make Investing Profitable .