Andreas Antonopoulos: Futures are a market-based approach, and it is not a conspiracy to accelerate the deployment of futures markets in the United States

According to Cointelegraph, Andreas Antonopoulos, author of the book Proficient in Bitcoin, recently refuted general concerns about the adverse impact of bitcoin futures trading on spot prices. When the Bitcoin bubble began to grow rapidly in 2017, the U.S. Treasury Department decided to accelerate the deployment of futures markets to stop the bubble. Many people think this is a conspiracy, but if you look at the authorization of agencies such as the Ministry of Finance, it is actually their job. He claims that driving down prices is not a conspiracy, but a market-based approach that allows those who don't believe in cryptocurrencies to reverse their operations by shorting. He said that, of course, this would have a dampening effect on prices, but also reduced volatility. If institutional investors face a new round of the Bitcoin bubble and continue to take positions opposite to the market, they will throw fiat into a black hole.