hmm I am skeptical.
Bitcoin and especially blockchain technology has defeated everything that has been thrown at it. 
What is to stop people just jumping onto Etherum or dash or other alt coins. The infrasrtucture is there and there is nothing the banks can do about it. The dollar is losing is status as the world´s reserve currency. Bitcoin and other crypto currencies will be preferred over fiat dollars or other fiat money.

Very interesting

To me this is another nail in the coffin of Bitcoin. The big players in Bitcoin seem to be more about making money then the ideals of a stateless currency.  The bankers realised that they can't beat Bitcoin so they are just going to co-opt it like they do with any political movement that gets in their way. With even more leverage  to manipulate Bitcoin they will just whipsaw the price until they own the vast majority of it, if they don't already, through front men and entities. Undoubtedly there is still money to be made in Bitcoin but it isn't the bastion of freedom that we hoped it was. 

Luckily Bitcoin spawned blockchain technology that I still think is their undoing. I think the next big thing is going to be privacy coins, and decentralized markets.

I read the article this morning on CNBC and I thought this is bad, so I sold half of my position in bitcoin it resembles what they did to Gold eventually they perfected the way they manipulate the Gold price and eventually they will do the same with bitcoin. I’m disappointed 😔 that we cannot do nothing about that, same scam as the manipulation of Gold the difference is that you can’t get any fiscal bitcoin.

Now we know why the SEC squashed all previous Bitcoin ETFs. It had nothing to do with liquidity, valuations or consumer protection. It had everything to do with creating synthetic bitcoins made of of dollars to be used by the big banks to dominate and control the valuation of the market.

Ridiculous.  BTC is traded globally, so a single futures exchange in US cannot perpetrate a global scam and "manipulate" the price.

Per all futures contracts, there is potential for various entities to take more than normal risks by hedging in one direction or the other, and as a leveraged market it is of course possible to impact BTC beyond the impact of the $$ you put at risk.

You need to look at the positive side of the message.

This is one step closer to enabling the "big money" from Wall Street and London and Hong Kong and Dubai to get more involved in the BTC market.   And as those big money pools coming rushing in, the price of BTC is going to go up due to limited supply.

This is ultimately a small step in adding more stability to the price of BTC.   

And more stability also helps bring in the big money pools.

Stability does not mean constant price.  It means somewhat lower volatility.

This is GREAT NEWS for BTC, as a first step towards $10K

You are correct they will try to control the price of bitcoin through the futures contract.

https://steemit.com/bitcoin/@goldgoatsnguns/bitcoin-futures-is-the-next-phase-of-attack-against-cryptos

The cme group's Leo Melamed doesn't say that they will "tame" bitcoin for nothing.  Anyone that knows anything about the silver and gold futures knows what this is about. The banks want to short bitcoin and manipulate the price period. The only question is....will it work? Anyone not concerned about this is a fool. Excellent report Maneco!

Ah I get it. So it is like the gold/silver paper game again.  Question is who if anyone that believe in bitcoin would care about the paper fake price?  The reason people think bitcoin is superior is that gov/bank don't have control so a gov/bank sanctioned market would be a big no no for those that understands it.

I agree 100%. This is not a good thing. This will make the 21 million cap meaningless if Bitcoin isn't even changing hands. Greed once again rules the day. The price will sky rocket in the short term but eventually it will crash in a big way as the big players take their profits.

Perhaps we should have the expected values like bitcoin futures that only hold an uncertain bitcoin promise, factored out on crypto market cap pages like coinmarketcap (dot) com for honest overviews of sound bitcoin.