The wonderful world of futures contracts has finally caught up with the exciting new world of cryptocurrencies. If you pardon the pun, for Bitcoin, the futures is now. Futures contracts have been in use since the late 19th century. A futures contract is an agreement for the delivery of goods at a specified date in the future. The price is set at the beginning of the contract, and when the product is delivered, the original agreed price is paid. It is a method that was originally used for agriculture, but has spread to many other commodities. Today, commodities are generally traded as futures.