Is it me, or are the governments and media really doing everything in their power to get us to sell our crypto?
2 min read
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:
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
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