First hedge funds started getting in the crypto game. Then CME and CBOE announced bitcoin futures and Nasdaq and Cantor Fitzgerald snapped in line behind them. Goldman and JPMorgan are mulling whether to drop all pretense and launch crypto desks.
Now, in the most definite sign of bitcoin's acceptance in the financial establishment, Dealbreaker presents: Bitcoin Call The Close.
As loyal readers know, we traditionally run a CTC contest around certain psychological plateaux in stock market indices, like Dow 20,000, or geopolitical cataclysms, like Brexit. But in the fuck-it-why-not spirit currently sweeping financial market participants who just months ago would have been aghast to countenance bitcoin with anything other than unadulterated disgust, we're eager to expand our services to Cryptostan.
(Of course there's no actual reason to choose today, Thursday, Dec. 7, 2017, for a bitcoin CTC, other than the hunch that the seven [and counting] $1,000 barriers bitcoin has blasted through over the past 24 hours represent some sort of cosmic market event, like a speculative supernova. Who cares, let's do it.)
Standard Price-is-Right rules: Winner is whoever is closest to, without going over, today’s bitcoin “close” at 4:00PM EST, as reported on GDAX*. Guesses in by 3:45PM. Winner receives choice of a vegan, artisanal, fair-trade Dealbreaker Banker Bag, or an exclusive offer to buy DealCoin** at a discount window during Dealbreaker's first-ever initial coin offering***.
*Initially this is was Coinbase, but since Coinbase shits itself any time there's a measurable uptick in trading volume, we're going with the somewhat more reliable GDAX.
**DealCoin does not have any rights, uses, purpose, attributes, functionalities or features, express or implied, including, without limitation, any uses, purpose, attributes, functionalities or features, including necessarily ever existing at any point whatsoever.
***Dealbreaker retains the right not to actually carry out an initial coin offering, ever.