Bitcoin Futures May be the Next Big Short

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6 December, 2017

Bitcoin Futures May be the Next Big Short

Bloomberg's Sonali Basak discusses betting on bitcoin futures. She speaks with Bloomberg's Vonnie Quinn and Shery Ahn on "Bloomberg Markets."

“It’s not a trade for the faint-hearted,” Basak said. “Bitcoin has surged this year.”

She added: “There is a worry, will there be a lot of people shorting to hedge their bets, yes.”

Bitcoin has begun to dominate the online gambling space, making up as much as 40% of all Web gambling transactions and that percentage keeps going up, especially with the likes of Bookmaker now accepting most forms of cryptocurrencies.

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