Makes sense. Japan's central bank owns @ 75% of all Japanese ETFs. Imo, cryptocurrencies couldn't exist without fiat money or manipulated markets. Cryptocurrencies are the closest thing we have to a Gold Standard & a free market.
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@jbizz very good points. I agree with you about the central banks have killed the vol by steadily pumping in so much money on a regular basis. Its hard to trade things when they have the markets essentially boxed. Thanks for stopping by and commenting!