Cryptocurrency analysts: Bitcoin options products could cause altcoin to fall

Ceteris Paribus, a cryptocurrency analyst, recently said that the introduction of new bitcoin options products by CME Group could lead to a decline in altcoins. 99% of the alternatives are basically Bitcoin derivatives, and the introduction of regulated derivatives may lead to a decrease in the number of alternative coins, which will lead to a decline in prices. "The more bitcoin options products we see, the more bearish we are on most altcoins," he said.