

Some "experts" are eating their words today, as the Bitcoin futures market launched Sunday with some surprising results.





Bitcoin futures are currently trading via CBOE under the symbol "XBT".





Futures allow someone to bet on Bitcoin either going higher, or lower - to the surprise of many, bets on it going higher dominated the first day of Bitcoin futures trading.As recent as 2 days ago, CNBC's Jim Cramer was sounding the alarm, predicting the ability to short Bitcoin would finally be it's downfall, saying:But what a difference a day makes! Today Cramer had to make a full 180, saying:AddingThat's right - Cramer went from predictions of Bitcoin being "annihilated" to "can head much higher" all in a span of 48 hours.Karan Sood, CBOE Vest CEO speaking to CNBC today said "As a first day, this was a resounding success".-------