I've said this on some topic on the forum - the government will always find a way to put their hands on everything that isn't in their control. Although they can't really control Bitcoin they want to make some money off of it and hold as much money controlled as they can. Luckily, the market is too large so they can't get hold of much outside their 'range'. I personally do not trust any kind of government or people 'above' but we will see are these speculations what we think they are.
Hopefully, they wont get what they want so we can at least have Bitcoin used freely and uncontrolled(which is why we use it), like we have had it for years.
Topic: I strongly suspect a sinister move here. You? - page 2. (Read 236 times)
After the rise in bitcoin price to 65k dollars,many new people use to inverse in bitcoin.Many capitalists are occupying their investment in the bitcoin at the earliest stage.So they are buying huge amounts in the bitcoin as compared to other coin.Some of the celebrities also invested their money in bitcoin now.This due to increasing in the price and demand of bitcoin in the market.
I strongly suspect a sinister move here. It is the government subtly trying to take over and be in control of Bitcoin. We are seeing big asset management companies and financial institutions suddenly getting involved with Bitcoin, which is partly the reason why there is a pump in the price of Bitcoin. They are applying for ETFs, and some others are coming together to create an exchange. The latest development is Crédit Agricole's CACEIS gaining Crypto Custody Registration in France. Why are all these things happening almost at the same time when Binance is being grilled by governments in different countries? Do not be carried away by all of this; it's the government's attempt to gain control of Bitcoin because, for all I care, these financial institutions with trillions of dollars are controlled by the government. They are the government.
- https://www.msn.com/en-us/money/companies/cr%C3%A9dit-agricole-s-caceis-gains-crypto-custody-registration-in-france/ar-AA1cSLjD
- https://www.msn.com/en-us/money/companies/cr%C3%A9dit-agricole-s-caceis-gains-crypto-custody-registration-in-france/ar-AA1cSLjD
Not a bad guess! My thinking goes in the similar line. Because the current movement of the US government shows their two different faces. They are approving the ETFs while grilling the a long standing and reputable exchange. So it's not very surprising to think that the government is playing games to assume control over crypto market in US.
But fortunately, this is very difficult to execute due to the decentralised nature of the bitcoin network. So I would say let the game begin and we will see who's the winner. Bitcoin is not a bank which is easy for a government to just conquer.
Yup, something is coming up and soon we'll see we are actually tricked into thinking BTC can't be controlled and we see all these institutions are supporting decentralization. Nope, they are the government. They control every aspect of this world all companies answers the ESG they have created. BlackRock owns financial markets, Dow, S&P market, and now the crypto.
They are not controlling exchanges which you can see they just push away Binance out of the US for all they want is their exchange.
They are not controlling exchanges which you can see they just push away Binance out of the US for all they want is their exchange.
If the initiative comes from private businesses rather than state-owned companies or institutes, I don't see how it's a sign of the government's malicious intents. There are asset managing companies, and they are seeking institutional approval. On its own, it's a totally normal, natural thing. They might get their approvals or get rejected, but the government isn't taking over anything if the companies themselves apply to be regulated. Also, asset management companies being regulated doesn't give any control over Bitcoin as a decentralized cryptocurrency to the authorities, I think.
This idea only works if one believes, and I think the op is stating, that big corporations are actually controlled by the government, but I don't believe in that.
This idea only works if one believes, and I think the op is stating, that big corporations are actually controlled by the government, but I don't believe in that.
If their goal is to control, will it be completely controlled?
It won't, because the government is only able to provide regulation, not control Bitcoin.
Financial institutions with trillions of dollars might just seize this opportunity to step in.
We all know that the Halving will happen soon.
And remember when the price of bitcoin crashes, the SEC or other institutions have arranged it all to get a cheap price.
and now is the peak, where everyone together buys Bitcoin and causes a bull run.
Bitcoin is decentralized, no one can fully regulate it even the government.
There are still many mysterious big holders and they are not controlled by anyone.
We'll see how the game ends, I hope the ending will be beneficial for Bitcoin. Ahead of the halving, there is a lot of manipulation that will happen
It won't, because the government is only able to provide regulation, not control Bitcoin.
Financial institutions with trillions of dollars might just seize this opportunity to step in.
We all know that the Halving will happen soon.
And remember when the price of bitcoin crashes, the SEC or other institutions have arranged it all to get a cheap price.
and now is the peak, where everyone together buys Bitcoin and causes a bull run.
Bitcoin is decentralized, no one can fully regulate it even the government.
There are still many mysterious big holders and they are not controlled by anyone.
We'll see how the game ends, I hope the ending will be beneficial for Bitcoin. Ahead of the halving, there is a lot of manipulation that will happen
Even if they come up with there own exchanges from which they could get all type of information about their customers which of course they will, even, it will be written in there policy that we do not get customer's private data. The point is, they might control those exchanges on which customer's assets are placed and they could halt any activity anytime when they get any legal restriction from SEC or CFTC.
But the result will never be the one they wants, which is to control your BTC. Because btc is not a centralized token yet exchanges are and these exchanges are only in the zone of USA, so, to access BTC outside the USA, citizen already (might) came up with different alternatives ways.
These attempts to promote BTC adoption is not because they want to divert crypto users towards centralized exchanges it's because they want to earn money too, and they do know that's how they can do it by making there own exchange and by promoting institutes to buy big amounts of BTC. Even the exchanges are not accessible for US citizen to accumulate BTC but they are doing it still, by buying the shares from Microstrategy.
But the result will never be the one they wants, which is to control your BTC. Because btc is not a centralized token yet exchanges are and these exchanges are only in the zone of USA, so, to access BTC outside the USA, citizen already (might) came up with different alternatives ways.
These attempts to promote BTC adoption is not because they want to divert crypto users towards centralized exchanges it's because they want to earn money too, and they do know that's how they can do it by making there own exchange and by promoting institutes to buy big amounts of BTC. Even the exchanges are not accessible for US citizen to accumulate BTC but they are doing it still, by buying the shares from Microstrategy.
I strongly suspect a sinister move here. It is the government subtly trying to take over and be in control of Bitcoin. We are seeing big asset management companies and financial institutions suddenly getting involved with Bitcoin, which is partly the reason why there is a pump in the price of Bitcoin. They are applying for ETFs, and some others are coming together to create an exchange. The latest development is Crédit Agricole's CACEIS gaining Crypto Custody Registration in France. Why are all these things happening almost at the same time when Binance is being grilled by governments in different countries? Do not be carried away by all of this; it's the government's attempt to gain control of Bitcoin because, for all I care, these financial institutions with trillions of dollars are controlled by the government. They are the government.
- https://www.msn.com/en-us/money/companies/cr%C3%A9dit-agricole-s-caceis-gains-crypto-custody-registration-in-france/ar-AA1cSLjD
- https://www.msn.com/en-us/money/companies/cr%C3%A9dit-agricole-s-caceis-gains-crypto-custody-registration-in-france/ar-AA1cSLjD
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