I am suspecting that Crypto Whales are manipulating Bitcoin price this early year because they want to get more Bitcoin before it will take off to the moon again.
These Crypto Whales had been around since Bitcoin rises like a skyrocket last year and this early days of the year seems they just want to drive Bitcoin to the ground because when the Crypto Market recovers they will earn Millions and Billions Crypto worth of assets in the next few months.
How you guys think about this roller-coaster ride of Crypto Market this early year?
Do really Crypto Whales are manipulating everything behind our back?
This is funny, China is the country holding the bigger amount of crypto, and of course BTC. Even it is estimated that at least the 30% of mining resides in china.
But… why, then, they have been banning BTC from the last months?
Well, of we make a tiny investigation, we can find how the Chinese central bank (People´s central Bank) has been researching about blockchain at least from 2014. Since they want to create a digital Yuan, I believe they needed to cut off BTC investments in order to convince the great industries to invest in the new Digital Yuan.
Meantime, the still hold a big amount of BTC - and getting more and more by creating whales and lowing its price- and they have earned billions by mining and by trading…
so… whats next?? Is BTC going to be the “support” of Digital Yuan?
I believe this recently speculation, the dramatic changes in the BTC price, its “falling”, is directly influenced by China. Since they have the biggest power of mining, as well as the bigger amount of BTC, they can do “whatever they want” with it. Now, is that related (the banning) with the new digital chinese coin? I don’t know, but maybe. But, anyway, it is funny that China still holds the biggest amount of BTC and at the same time they created a new chinese Crypto directly based on Blockchain…