Thoughts on Wall Street getting involved with Bitcoin? 💼💰🏦
As we all know very soon Bitcoin futures will be launched allowing people to bet on the price of Bitcoin via the futures markets.
A lot of people see this is a massive positive for Bitcoin as it brings it into the public's eye (even more than in recent months) and adds "legitimacy".
Personally I find this very odd considering Bitcoin was created after the 2008 world wide financial crash to protect against the very people who caused it ( Wall Street and the big banks) and now here we are in 2017 with Wall Street getting their hands on it and claiming they will bring "legitimacy" and "regulate" the wild west Bitcoin market.
This to me is like Greenpeace getting heavily involved in legitimizing oil rigs.
Wall Street is all about one thing and that is making money, if they can make a few billion here and there by manipulating the price of Bitcoin, which isn't that hard to do if you and your mates have the funds of most small countries between you, then they will.
Bitcoin is anti establishment and Wall Street / big banks are the establishment.
What are your thoughts? Is it good, bad or won't make any difference?
As usual thanks for listening
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