Bitcoin Bears Get Boost with Swiss Short Notes Offering Limited Loss Potential

Up until today, market sentiment has been all bull on the world’s most popular cryptocurrency, bitcoin. News of pending futures from Chicago by Christmas, price upticks, and all-time highs ignore bears altogether. Now from the Swiss comes a first set of bitcoin short notes designed to profit from price drops.

Bears Not Extinct

Bloomberg’s Quint reports, “New certificates could usher in more two-way price movement in what has largely been a one-way market so far,” referring to markets’ bull preference when it comes to bitcoin futures.

As has been widely reported, Chicago Merc (CME) will create a futures market for bitcoin before year’s end. However, bitcoiners are well aware that price fluctuations, though trending ever-upward, can rollercoaster to rather low-lows. And especially for the droves of newer investors bitcoin is bringing to market, cryptocurrencies are the ultimate scream machine…

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