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Jared Dillian, Editor, The Daily Dirtnap

Alpha Exchange

CHAPTER

The Bitcoin Futures

I did not predict that one, and i would not have been able to prick that one. Since inception, the big coin futures have been a cantango. I suppose it's possible that they could be in bacgradation. So there's all kinds of things that can happen. There'sa host of commodities right that find their curves in backrardation. Sentiment around oil and coal and natural gas, coal has gone parabolic. Natural gas went parabolic. We put in a short term top in energy. But i think over the course of maybe five years, it's te top in the context of a longer bowl mark.

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