Despite the current crypto bear market, Bitcoin has still greatly appreciated over the last 5 years. IIn this time, it went from $5,700 to $19,005!
But investors can use futures contracts to trade Bitcoin instead of holding the coin itself.
Here are a few key advantages of Bitcoin Futures:
Leverage
One bitcoin is currently worth $19,005! With Bybit, you can set the leverage up to 100x, letting you have exposure to $1,000 worth of bitcoin while only contributing $10 as capital.
Simplicity
Even with crypto exchanges, buying and selling crypto can be tricky. For example, many crypto experts recommend using hard wallets to safely store crypto.
With futures, you can gain exposure to Bitcoin without worrying about your account being hacked!
Profit In Bull And Bear Markets
Investors can profit off Bitcoin if the price rises or falls by going long or short a contract, respectively. These contracts can be tools to either speculate increasing prices and/or hedge against risk.
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