Bitcoin price continues to soar. Price was $6300 few days ago and since then it has been setting a new record every day. And as of today it reached a peak of $6300.
Why does the price raise so much?
Lets looks at the recent events:
Now lets put things together
What is Bitcoin Futures Contract and Why does it increase the Client's interest?
Until now, people who would want to invest in Bitcoin needs to buy the bitcoin and hold it to see it multiply or worse. Everybody know that if you forget the password/pin then you lose everything ( if you haven't then you can read it here https://www.wired.com/story/i-forgot-my-pin-an-epic-tale-of-losing-dollar30000-in-bitcoin/ ). Now Bitcoin Futures contract facilitates the transaction to be done in cash and you don't have to hold the commodity. It is increasing the hype among investors and hecne increasing the demand/supply thereby increasing the price.
