Page 1 of Google search (Pictured). I mentioned yesterday that I had a feeling that Bitcoin Cash has an ETF fund for the sole purpose of being able to manipulate the price of the underlying coin.
This trick is as old as the hills in the precious metals market to fix prices. The people that own the printing presses and therefore unlimited money arrogantly actually call it the London fix! and get away with it Think about how quickly Bitcoin cash came out of nowhere and all magically we were looking at a hard fork. Look at how quickly their EFT fund sprung up and was approved!? All when the SEC declined two attempts for a Bitcoin ETF. fund.
This is the tail wagging the dog in the respect that the Bitcoin ETF fund can get pumped up and then smashed down, at will, by the biggest players in the world who have an unlimited budget. If they pay off certain miners and get their way we could see Bitcoin Cash Coin follow the activity in the futures market which is open to manipulation.
Then if the Bitcoin Cash ETF determines the price (ie: gets pumped) of the underlying coin and exceeds Bitcoin's price, then we have a market with the fear of missing out (FOMO) from the section of the market that are holding Bitcoin looking to move into Bitcoin Cash Coin. Then what if the price on the ETF get dumped on?
The biggest money in the world knows the market works on fear and greed and now, after so long a time not being able to control Bitcoin they could have an avenue to manipulate it by proxy.
As always, thanks for reading...and please comment!