For the last 2 days, Jason Burack of Wall St for Main St was attending the Chamber of Digital Commerce's, DC Blockchain Summit 2018 conference https://digitalchamber.org/dc-blockchain-summit-2018/ at Georgetown University. Jason talks about a few of the block chain technology startups that presented at the conference, Exchange Union and Rivetz, as well as representatives from large technology companies like Cisco, IBM and Microsoft who have entire divisions devoted just to block chain. Jason also heard a CME Group executive on a panel yesterday talk about Bitcoin futures contracts. The CME Group executive claimed that there was no real price discovery in Bitcoin until the Bitcoin futures contract launched on Sunday, December 10th 2017. What do you think about this statement? Also, how is this possible when over $8 billion (in US Dollar terms) worth of real Bitcoin is traded every 24 hours on crypto currency exchanges all over the planet compared to only $80 million per day in Bitcoin futures contracts from the CME Group? The CME Group executive also revealed how institutional and hedge fund trading clients (maybe central banks?) preferred that the Bitcoin futures contract settle in cash instead of being forced to settle in Bitcoin and take delivery of the 5 Bitcoin on the futures contract. Very interesting stuff, huh? Jason shows how within a week of the Bitcoin futures contract launching how the Bitcoin price made a high just under $20k per coin and has since crashed (or had a very large correction if you prefer to say that instead). Is this just a coincidence that Bitcoin crashed within a week of the Bitcoin futures contract launching or is this part of a manipulation scheme? Jason also highlights how on Wednesday of this week it was disclosed that the bankruptcy trustee of Mt. Gox in Japan disclosed that he sold $400 million US Dollars worth of Bitcoin and Bitcoin Cash starting in late September 2017 in order to raise cash to pay off the victims of the Mt. Gox fiasco https://www.zerohedge.com/news/2018-03-07/bitcoins-tokyo-whale-sells-400m-bitcoin-bitcoin-cash This could have also played a major role in why Bitcoin topped in December 2017 and has since struggled to stay above $9k to $10k per coin. https://www.zerohedge.com/news/2018-03-09/crypto-carnage-continues-bitcoin-below-9000 Jason reiterates how, based on his opinion, that Bitcoin will probably be stuck in a wide trading range (with lots of volatility both up and down) between $8k and $13k per coin for at least another few months perhaps longer. Please visit the Wall St for Main St website here: http://www.wallstformainst.com/ Follow Jason Burack on Twitter @JasonEBurack Follow Wall St for Main St on Twitter @WallStforMainSt Commit to tipping us monthly for our hard work creating high level, thought proving content about investing and the economy https://www.patreon.com/wallstformainst Also, please take 5 minutes to leave us a good iTunes review here! We have 33 5 star iTunes reviews and we need to get to our goal of 100 5 star iTunes reviews asap! https://itunes.apple.com/us/podcast/wall-street-for-main-street/id506204437 If you feel like donating fiat via Paypal, Bitcoin, Gold Money, or mailing us some physical gold or silver, Wall St for Main St accepts one time donations on our main website. Wall St for Main St is also available for personalized investor education and consulting! Please email us to learn more about it! If you want to reach us, please email us at: [email protected]