@elliotrades I don’t know about that. To me the most likely scenario still is systematic washout of unwanted crypto owners by the Wall Street cartel so they can shill it to their clients and reap fat profits once everyone else has capitulated. JP Morgan analysts already starting to shill.
@elliotrades There’s been a structural shift going on behind the scenes, into the hands of Wall Street. They are and will be controlling the price until they are ready to profitably shill/sell crypto to their clients. Legislation and key infrastructure need to be in place first.
@cryptomanran TradFi needs to have all the infrastructure as well as regulatory framework in place so that they can shill and sell crypto to their clients and reap big profits. In the meantime they’re keeping the price low to guarantee fat returns for everyone once its go time.
@cryptomanran The price is being controlled by large TradFi/ Cabal institutions as the underlying structure has been shifting into their hands. It will move according to their agenda. It’s as simple and as obvious as that.
@scottmelker I’m the same age. We‘re both Fire Dragons in Chinese astrology btw. That’s a huge privilege, only happens every 60 years! Anyway, the wisdom and maturity that comes with age and life experience is way underrated in this juvenile, superficial society. That needs to change.
@crypto_banter Gold wasn’t considered a threat to National security by the US government. I’d be careful with direct comparisons. The BTC ETF will be approved only because it gives them
ownership and control over Bitcoin.
@cryptomanran@Chase Threaten to pull all your funds and close your account. They may listen to you. They’ll probably shut down transactions to crypto native businesses anyway once the ETF is out. Like they already did in the UK. Jamie Dimon might mean it when he said “I’d shut it down”
@BigCheds Duh. I figured that. Can you be a bit more specific? If I’m not mistaken, BTC has always breached prior all time high in the same year as the halving. So what do you see in the charts that’s different this time?
@CryptoCrewU That’s just depressing. No offense but I really hope this theory of yours will be proven wrong due to an ETF approval, which would shift the demand curve significantly upward.
@wclemente Absolutely, no doubt. In all the glorification of Bitcoin as the only true decentralized network very few ever talk about the increasing centralization in terms of who mines it and who owns it The only way to control it is to own it…and the global powers that be know that.