Whipping the conspira-sphere into a frenzy, the Rothschild Investment Corporation has recently confirmed its Bitcoin holdings.
Says the Econotimes: “According to the details provided, Rothschild Investment Corporation has acquired shares of Bitcoin Investment Trust (GBTC) for $210,000.”
To be clear, this doesn’t mean RIC is directly storing Bitcoin. The Bitcoin Investment Trust is a securities exchange -- it sells “paper Bitcoin.” This allows people who trust banks to invest in a decentralized store of value that’s meant to allow individuals not have to trust banks. (Make sense?)
Or, in other words, says the Econotimes:
“Sponsored by Grayscale Investments, the Bitcoin Investment Trust is an open-ended grantor trust based in the U.S. Its shares are publicly quoted securities solely invested in and deriving value from the price of bitcoin. The publicly traded shares officially started trading under the ticker GBTC in 2015.”
Are the Lizard Overlords Buying Bitcoin?
Conspiracy forums have been frantically questioning whether the Rothschilds, AKA our “lizard overlords,” might be colluding to sabotage the bits.
Fortunately for them, the company appears to have no actual relationship with the Rothschilds. (But they would say that, wouldn’t they.)
But, does this mean Bitcoiners can rest easy? Maybe not...
The cryptocurrency space has been ROCKED with market-roiling news over the past couple of weeks.
To name a few examples…
1.] SEC filing the DAO as a security…
2.] Darknet Market “Alphabay” shutdown...
3.] A Bitcoin Civil War concluding in the potential split in the network, likely to creating another Bitcoin called Bitcoin Cash (BCC)... (Something you should indeed be aware of if you own Bitcoin)...
4.] BTC-e exchange shut down and Russian owner arrested for laundering money...
And the list goes on...
And, yet, Bitcoin shrugs. The price of Bitcoin is still fairly close to all-time highs -- sitting around, upon writing, $2,500.
Why? Because Bitcoin is not a company. And it is not a basket of withering flowers, either. It’s a network with no single point of failure.
It’s built to withstand and deflect perpetual and incessant conflict, attacks and potential bad actors. And it’s done precisely what it’s designed to do thus far.
Furthermore, Bitcoin is far from the only game in town.
Despite all of the bad press, there’s plenty of good news, too, for Bitcoin and the cryptocurrency space.
Unless, of course, the Reptiles released Bitcoin into the wild and we're doing all the NWO work for them.
That would be ironic, wouldn't it?