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RE: Bitcoin Futures is the Next Phase of Attack Against Cryptos
Absolutely this is their plan and hence the point of the article. But, that's why we need to be prepared to fight that much harder and find new ways to get around their control mechanisms
For me, I feel that decentralized exchanges and social media platforms are the key to taking this fight on. The free flow of information as well as the ability to keep capital out of their control are important pillars of resistance.
In my view, bitcoin is getting too much attention that eventually it will be a victim of its own success. Perhaps altcoins might stand a better chance because they are numerous and fly lower under the radar?
In effect that's what I'm alluding to at the end of the article. The central bankers see Bitcoin as the fulcrum for control. But will that work? For a short time yes, but the market should adapt to it and shift away from the manipulated market for the unmanipulated ones.
The truth is that $180 billion is not a lot of money compared to the trillions in the forex markets that move daily... of course, a lot of those assets are deflating while cryptos are inflating in price, so we'll see how things shake out.