Great news as the U.K launches her Futures. The last time US did same, the price of bitcoin increased fairly.
In like manner, this move by the UK can reverse the downward movement of bitcoin prices.
Yeah, CME and CBoE bitcoin future contract offerings in December really push the price to its all-time-high. However, after that the price went on a spiral and we bottom at $6K with almost 80% downtrend. I'm not saying that the UK bitcoin future contracts is going to bad on the market, what I'm trying to say is that we have seen what happen before, and I
hope that the pattern will not be the same.
Currently the price goes up around $8500 which is a good sign that maybe this announcement made a lot of UK investors push their cash on the market. But lets see, its too early to say what's the effect long term.