Summary:
Bitcoins increase from $1 to $20,000 had many convinced that BTC will overtake the Dollar to create a better financial system. Expectations involved the Government and Bankers sitting idly as BTC takes on global currencies. For this, such institutions are attacking Bitcoin to bring the crypto markets down. The Cartel is carrying this out by the futures markets at CME/COBE, so to reach their goal they are increasing volume of contracts on the futures market, which is extremely vital for shorts. Keep an eye out for the CME/COBE volumes. The Cartels only methods of controlling BTC is through the Futures Market as they are all about Volume, allowing prices to be controlled. At that point, the real price can be masked by subjective value (confidence).
Compare in Dollar value: Currently, there are 509,551 Gold contracts in total (113890 + 329483 + 66178) = $61 Billion ($120000/contract)= 5 Million BTCs Bitcoin contains 8349 contracts (COBE+CME) = 13177 BTCs => $158 Million So is BTC growing on the CME? Indeed, it is.
Congratulations @sth5desldr! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Vote for @Steemitboard as a witness to get one more award and increased upvotes!