Swiss bank to launch bitcoin futures to allow betting against cryptocurrency

In the be careful what you wish for category, Bitcoin enthusiasts have been cheering the fact that the cryptocurrency is now traded in futures exchanges, inviting institutional investors. The problem is these said institutions are the biggest price manipulators, and they will surely do so in such a small market cap space. Expect even more volatility and many being wiped out for being on the wrong side of the manipulation.

https://www.reuters.com/article/us-vontobel-bitcoin/swiss-bank-to-launch-bitcoin-futures-to-allow-betting-against-cryptocurrency-idUSKBN1DG2CX

Swiss Bank Says Investors Favor Gold Amid Charges on Cash

Negative interest rates are pretty much unprecedented.  Instead of paying investors interest on deposits, banks are charging depositors interest to park their money.

Given the risks inherent in IOU's (interest rate, reinvestment, inflation, default, rating downgrades, liquidity), it's mind-boggling that investors are buying debt instruments at all.  But to be charged an interest rate on top of all the negatives indicates a financial universe gone mad.


http://www.bloomberg.com/news/articles/2015-02-11/swiss-bank-says-investors-favor-gold-amid-charges-on-cash

In Which We Learn That The CIA Was Instrumental In Breaking The Swiss Bank Secrecy Code

http://www.zerohedge.com/news/2013-06-09/which-we-learn-cia-was-instrumental-breaking-swiss-bank-secrecy-code

Sinclair - Swiss Bank Just Refused To Give My Friend His Gold

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2013/4/23_Sinclair_-_Swiss_Bank_Just_Refused_To_Give_My_Friend_His_Gold.html

Customer Shocked “Allocated” Gold Not in Swiss Bank

http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2012/5/21_Greyerz_-_Customer_Shocked_Allocated_Gold_Not_in_Swiss_Bank.html