๐บ๐ธ๐ฆ๐ How The US Government DESTROYED Bitcoins Price! ๐๐๐
Hello Steemians I hope you are all well
In this video Crypto Daily discusses how the unstoppable Bitcoin rally was halted on December 17th 2017 at a price of $19.535, due to the launch of the CME Bitcoin Futures contracts. (Which were allowed to go ahead by the government.)
The paper Bitcoins issued by the CME take demand away from the Bitcoin spot Market, which both lowers Bitcoin's price and also vastly increases the actual Bitcoin's in existence.
Even the Federal reserve issued a statement earlier this year (in may) affirming that the CME has ruined Bitcoin's price.
Obviously there are many other factors to take into consideration regarding Bitcoin's price decline, but it is clear that the US government has destroyed Bitcoin's price.
Continue to do good things
Thanks for your support it's much appreciated
@conformity
Source Crypto Daily - (YT channel)
It appears that @crypto-daily has stopped posting on steemit at the moment, possibly due to the low prices. For more of his great video's check out his YT channel.
Good things will continue to give light to everyday life.๐
Keep up the spirit and never give up.๐
Don't stop doing good, it's a very spectacular slogan.๐๐
Thanks for your kind words of encouragement, it means a lot to me. I do intend to keep my spirits up and never give up. You've gotta keep on keeping on!
Yes I'm glad you like it, we must be optimistic and never give up in the middle of the ongoing arena.๐
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STOPTo support your work, I also upvoted your post!
Congratulations @conformity! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
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STOPThis post has received a 61.06 % upvote from @boomerang.
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