Hi, Dear Steemian Friends. Today I want to continue to speak about what is going on in the crypto market right now and what is the reasons behind this huge drop. Two days ago I have made a post listing some of the main reasons or mainly the surface reason. Today I want to speak a little about what is really going on in the background.
Two days ago I was mentioning all the recent FUD coming from China, South Korea, India, USA, the banks like the infamous JPMorgan Chase and the mainstream media who are the guardians of the system ideology via propaganda. We can it the apparent layer of cryptocurrency enemies. Today I want to talk about the second layer, the layer we can only see a tiny part. This second layer must be in fact the first one as it is the one who really decides what the other layer will do, in one word this is the brain. It is made of multiple people from the different field. The only part of this layer we can see is the heads of states (countries) but the biggest part is made of really high profile financial "banksters or gangsters" and also the big corporation. All of these people have no interest in the rise of cryptocurrency, they see it as a treat for their business, power, legitimacy and of course their own interest. Take the example of a corporation-like Apple they looking at crypto as a treat and they are thinking: what if all the people who are owning some share of Apple start to look at crypto and see they can get 100X a year when Apple share will make a little 3%. About Wall Street sharks they don't like Bitcoin or cryptos because they cannot manipulate the price as they use to do for many decades. Even the banksters or Wall Street sharks buy Bitcoin as much as they can, they will own at the best 10% of the supply and other people who have been in the game since the beginning and who are not banksters will still much bigger than the banksters and will be able to influence the market out of the banking and financial system hands. Since the beginning of Bitcoin Future on Wall Street 2 month ago it has never been bullish on their side, just because they are well aware that whatever they are doing they will never have the hands big enough to drive the market the way they want. The visible part of these people are the heads of governments and we all know that they are always following the financial ones.
At the end of last month we all witness Bitcoin already low at 12.000$ compare to early December at 20.000$ dropping in a matter of 24 hours to 8000$, a 4000$ drop on the 29 January. What has happened that day for a sudden drop? I am sure that the World Economic Forum Annual Meeting in Davos Switzerland from the 23 to 26 January has something to do with the drop. Davos is where the invisible super-class of finance is meeting every year. From the top Banksters, top traders and economic rulers they all meet at this Annual meeting and their top concern this year was what to do about Bitcoin and cryptocurrency in general. This change of paradigm is not going their way and they cannot control it. So crypto was one of the top subjects. Then 3 day after the meeting, all the crypto market is going down. Sure cryptos are disrupting the old system and it is about the time to do so, also it brings the technology of the future in a better way and out of the hands of big corporations. But those banksters and other sharks don't care about bringing technology and a better life to the people, the only things they care is filling their pockets and keeping their power whatever is the cost for the populations. Banks don't want you to invest in a crypto that can double in a year time they want you to invest in their product where they will make five times a year your investment, with your money and give you 1% of what you have invested. After the 26 January, many FUD spread by the media start to go wild resulting in the biggest drop in bitcoin history. But this is not finished yet, now it the turn of the banking committee to meet in the Senate in Washington for a special hearing on cryptocurrency as they already say they are about to be overwhelmed by cryptocurrency. Next, just after the Senate, there is another big event the G20 with all the head of states from the 20 most industrialized countries in the world and they also want to talk about cryptocurrency. All of this things are really not sounding good. I cannot see a way for them to stop cryptocurrency but instead, they will make a heavy regulation on it, like in the UK where the short-term trader is now taxed 45% and long-term investors in crypto have to pay 19%. All the government will make heavy regulations on crypto in the name of the war on terror, the war on drug and the taxes evasion. The media will continue for some time to call crypto users like criminals from the dark web. This is really not a good time for crypto. All those vampires who want to suck the blood of our lovely cryptos. But all of this is my opinion based on my research and I ask you to search on your side and share your findings.
