Weekend Reads: Bitcoin, Bitcoin, Bitcoin

December 15, 2017 rcm-alternatives 0 comment  Like
Investing Insight, Off Topic, Other Voices, Why Alternatives?

Here’s the bad news: volume in the Cboe contract has been very small. On average, roughly $60 million in notional value has traded each day. In just the last 24 hours, about a half-million bitcoins alone have changed hands. At $17,000 per bitcoin, that is about $8.5 billion.

Bitcoin futures are about to get another big boost – (CNBC)

 

As bitcoin has sped through sudden gains and drops, traders used to wild swings in commodity prices are trying to reap profits in cryptocurrencies

As Other Markets Stall, Traders Rush Into Bitcoin Boom – (Wall Street Journal)

 

So far, the Pineapple Fund has donated $1 million to Watsi, The Water Project, the EFF and Maps, as well as $500,000 to the BitGive foundation.

Bitcoin tycoon promises to give away $86 million worth of bitcoins to charity – (Mashable)

 

The company has joined other funds seeking to adopt AI for trading. It invested in SparkCognition, a Texas-based tech firm that counts Alphabet Inc.’s Google as one of its partners, according to the firm’s website. Brevan Howard hasn’t yet applied the technology for trading, the people said.

Billionaire Hedge Fund Manager Having the Worst Year of His Career – (Bloomberg)

 

Second, you have to go back to the mid 1990’s to find a period that is similar to what we are experiencing now. We all know what followed. Third, the Sharpe ratio in any calendar year has never exceeded 3.0.

THE S&P 500 INDEX SHARPE RATIO IN 2017 IS 3.5 – (AI Source)

 

Four of the five occurrences preceded medium to large market pullbacks (‘98, ‘00, ‘14, ‘15), with ‘00 preceding the end of the tech bubble and ‘15 preceding the August flash crash,” said Krinsky.

Market Watch – The S&P 500 and DAX are parting ways and that could be bad for Wall Street – (Mr. Topstep)

 

So what’s the tale of the tape in what could be an epic battle? We came up with a table (or infographic) to make it easy for anyone to know the difference between CME’s and Cboe’s Bitcoin Futures contract:

Infographic: Bitcoin Futures Facts – (RCM’s Attain Alternatives)

 

One thing is for certain, innovation and competition are alive and well at Chicago’s futures exchanges.

Trading Bitcoin Futures on the CBOE – (RCM’s Attain Alternatives Blog)

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