| There's SO MUCH bad news/narratives right now. Just in the past month: - Binance US got sued by the SEC and might get funds frozen
- Binance got sued in France
- Binance is leaving the Netherlands
- Binance is leaving Cyprus
- Coinbase is sued by SEC and received a show cause order from 10 different states
- Ledger can share seed phrases
- Tons of cryptocurrencies are alleged to be a security by the SEC
- Atomic wallet was compromised
- Gate.io was rumored to have insolvency problems after the arrest of CEO Zhaojun
- Crypto.com suspends US institutional exchange service
A lot of the media coverage looks like this: https://preview.redd.it/zskqfeyl9m6b1.png?1012&format=png&auto=webp&s=5badaa02ccb420b578e651fc53ec49b20c5716dc https://preview.redd.it/6prcqz3f9m6b1.png?1030&format=png&auto=webp&s=35ba385120ae35f060caeae877c8cbd2448fffce It really feels like a massive coordinated attack on crypto. Yet in the meantime, BItcoin is still up almost 60% this year. Moreover: - Blackrock, the $10 trillion asset manager files for a spot Bitcoin ETF. Remember, in 2017 their CEO Larry Finks said Bitcoin is "an index of money laundering".
- China is looking to embrace crypto again. Hong Kong is already doing so, which is firmly under Chinese control by now.
- Binance all of a sudden reaches a deal with the US government to avert a Binance US shutdown, after a ton of fear.
- A ton of companies are embracing cryto technology. Microsoft, Amazon, Google, Tesla, Samsung, Paypal, LG, and many more.
What is going on? There is a huge discrepancy between what they are saying and what they are doing. I wonder if they are just trying to get us to sell our crypto to them cheap. submitted by /u/Beyonderr [link] [comments] |
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