Economists, bank executives, and a small portion of investors in the traditional finance industry have publicly condemned bitcoin, falsely describing the cryptocurrency as a fraud, a money laundering tool, and a bubble.
However, as demonstrated in the price trend of bitcoin and the volumes on the bitcoin futures exchanges on the Chicago Board Options Exchange (Cboe), CME Group, and LedgerX, three trading platforms regulated by the US Commodities and Futures Trading Commission (CFTC), skeptics are not putting their money where their mouth is and shorting bitcoin.
“So many bitcoin skeptics yet so few bitcoin future shorts. As if people are afraid to put money where their mouth is,” Zerohedge wrote.
On Cboe and CME, bitcoin contracts are often being traded at the same rate as the global average bitcoin price or higher.