Disabling withdrawals in China and seizing 12,000 BTC in Venezuela has dried up crypto-markets everywhere, are we witnessing a Dangerous Communist Power-Play taking place in Internets favourite token?
When looking at Bitcoins latest price-rise to the moon, it is easy to smile and laugh as a holder and trader who use the coin as the main transportation mechanism to move between markets. Calming down from the euphoria, looking at local markets have made me realise clearly that Bitcoin has been accumulated voluntarily by citizens and seized by these Communist governments we are going to take a closer look at in this article, keep reading:
Look at Communist China and Communist Venezuela and compare it with UK & USA, the Free World:
Wow, look at that spike - that must be normal markets, right? We all know that China is the single largest player in the game of Bitcoin, and the Communist Party own the players and make up the rules for its citizens as they please, same goes for Venezuela which we will take a look at here:
Wow! Not nearly the same volume as Communist Brother China, but large enough to look like the tallest building in a coastal city skyline. Business as usual in Venezuela you say? I do not think so. Recently Venezuela seized a Bitcoin-mine and confiscated 12,000 Bitcoins and started going after every citizen that is involved with crypto-currency. People are scared, with a good reason.
Compare the two charts above with UK & USA
Wow! Nothing to Wow about here, the charts show us that in the UK and USA there is no panic, just business as usual with a slight increase in volume, but who is buying and why has China suddenly made the largest exchanges in the world only to allow withdrawal of fiat-currency? truly a gun to the head saying: "Take our paper-money and go".
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