Hello community, a pleasure to be here again with you, I would like to comment on something that I feel is happening, and it is related to the cryptocurrencies market. Unfortunately we have seen again a decrease in the global market prices, and it coincides with a pronouncement from the central bank of Japan, after a pronouncement from the Central Bank of China, and other banks, coincidental?, I don't think so.
I want to share my opinion on this matter, we may or may not agree with me, but that is what it is all about, differences of opinion, which in some way may complement what I say or simply be totally against, everything is valid.
On May 13, Elon Musk, a well-known businessman who has been promoting and supporting the crypto environment for months, changed his mind and announced that Tesla would not accept Bitcoin as a form of payment, which caused the market in general to plummet.
But, what's really behind all this, what I will say below is just speculation, but, it is something that could happen. It is absurd that he says that the negative aspect of BTC mining is what led him to make this change, because if we consider the pollution that his company leaves behind every time it launches rockets into space or the lithium that is used in batteries, well, he looks very bad in that aspect.
Could it be that he has been pressured by the U.S. government to issue this statement, they could do it, since BTC and cryptos in general have gained a lot of ground in times of pandemic, and people, many, have lost confidence in the dollar, for example.
Subsequently, the Chinese People's Bank announced a series of restrictions that made the price sink even further, as did the European Central Bank, which labeled Bitcoin as a big bubble.
To close the week, the Central Bank of Japan, through its president, made statements that caused prices to fall even further yesterday, downplaying the importance of the crypto movement, saying that operations are highly speculative and highly volatile, and that it is hardly used as a means of payment.
Given all this that I have mentioned above, it seems to me to be an organized attack by the central banking institutions of the countries that are world powers, or of the European bloc. I think that finally what it shows is the scope that cryptocurrencies have had, and that it is undoubtedly putting at risk what is traditionally known as the financial system.
I particularly will continue to use cryptos, there is nothing that can change that. No central bank of any country can eliminate cryptos, they are not something they can control, and surely this is what affects them the most, the lack of control over this. They can affect the price with negative news, of course, but to prevent everyone from using them, I see it very difficult.
