So has Binance been suppressing the bitcoin price or what?
Discussion
Yes. That's my understanding for a while.
I would argue ALL futures platforms, but Binance has a full THIRD of that market.
Arman the Parman explains how it works:
Sometimes wondered if the Ukraine war wasn't just a huge effort by the banking captured politicians to surpress the price of Bitcoin by funneling huge amount of money into it somehow.
Interesting. 🤔
If so, I don't think Uncle Sam read the script very well. Kicking Russia off swift was unexpected and perhaps damaging to banking interests, or even dollar dominance.
It wasn't unexpected. At least not to the Russians. They had been building it the past 8 years. I'm sure US would know something like this and know how to calculate the odds of impact
Anyway, dollar strength hasn't been that bad recent year.
Id assume factoring in so many factors would get awfully messy and unpredictable. I guess I'd avoid too much speculation myself.
Still, with so much Western propaganda and hollywood celebs pitching in, this war seems so unreal and you d almost expect there being alternative motives in play.
Besides, bankers jumped through SO many hoops all around the world to protect their interest in the petrodollar.
Why would they not act accordingly when it comes to Bitcoin?
I guess I mean it was unexpected for me.
That crossed a line I'm not sure has been since swift started. But could be wrong.