Does Wall Street tries to marginalize crypto?

TheWolf666

full member

Activity: 615

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CEO of Metaisland.gg and W.O.K Corp

I have noticed that the news are in sync with the market in a way that seems to be market manipulation.

For example you would get in the same couple of days the CEO or JP Morgans saying that Bitcoin is fraud, then the CEO of BOA saying the same thing.
And the crypto would dump big time.

Then big whales would buy a lot suddenly.

And after that, the same person would publish news like, "Crypto is unstoppable".

And the Crypto would bull like crazy.

And recently, lot of press release were trying to remove confidence in the Crypto, talking about scams and lack of real applications.

To me, it smells complete attempts at manipulating the crypto price in order for the big bank to either make profit, or to discredit the crypto, or both.

Huh

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newbie

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most likely wall street will adapt to it. Although if the market goes up and breaks its highs, we will soon see the privatization of crypto companies and the opening on wall street crypto-exchange.

cleverboy_engineer

newbie

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They are working on it and looking ways to making profit from it.

We will see what do they exactly think about crypto world in near future.

xWolfx

member

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Donating 10% to charity

I believe it's the opposite.

Remember that time when everybody was just ignoring? Then most made it forbidden?. Now comes the next step, acceptance. Every government needs to regulate any activity under their jurisdiction until a certain degree for taxes and to avoid abuse.

Of course, don't expect it to be love right away - It will take time. We're on the right path.

shanem

legendary

Activity: 1344

Merit: 1000

I don't think Wall Street is trying to marginalize crypto with their actions. Now anyone can create a coin and list it on the crypto market. This means that it is easier for scammers to create an ICO and scam people for funds. Wall Street is trying to regulate the market such that ICOs will not be so much of a cash grab but a registered business selling tokens for the expansion of their business.

TheWolf666

full member

Activity: 615

Merit: 154

CEO of Metaisland.gg and W.O.K Corp

https://news.bitcoin.com/thailand-crypto-regulations-legalizing-cryptocurrencies/

https://techcrunch.com/2017/07/31/singapore-ico-regulation/

https://cryptodisrupt.com/coinbase-fully-regulated-following-sec-approval/

https://www.bangkokpost.com/business/news/1481525/sec-releases-crypto-details

Apparently Wall Street and other exchanges in the world are trying to get some crypto used as securities. Then they will make the rest illegal.

What do you think?

Topic: Does Wall Street tries to marginalize crypto? (Read 163 times)