Very good point. This is how precious metals markets have been tamed for decades now. Why would bitcoin be any different?
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Very good point. This is how precious metals markets have been tamed for decades now. Why would bitcoin be any different?
Thanks @techwizardry! From what I have read about the multi-decade "management" of gold (and to a lesser extent silver) prices, it seems not a far-fetched hypothesis that rushing CME, CBOE and Nasdaq into futures trading with cash settlement is a "management move".
BTW – What is your thought on the following idea. Aside from the legislative and regulatory actions linked to control of tax evasion and money laundering, we should not expect a China-style ban; because the latter would bring on a confrontation with States like Texas. So, instead what will be used are these “management moves”.