“If you can only buy or sell particular underlying tokens of bitcoin and you don’t have the capability to short, basically speculate in another direction, then the market would be a lot more volatile because it would be entirely driven by sentiment.”

![](https://d1vof77qrk4l5q.cloudfront.net/img/4856739d9e656dfe2b83a947f17192d9ca70ffbe.jpg)

Posted using [Partiko Android](https://partiko.app/referral/david.steem)