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Wednesday, April 21, 2021 3:04:09 PM
Point 1
According to sources familiar with the matter, the Federal Reserve has for months silently been buying bitcoin through at least six over-the-counter (OTC) cryptocurrencies traders, and are likely responsible for the increase in bitcoins price over the past months.
In a tweet earlier, Elon Musk hinted that his financial team had been indirectly helping the Federal Reserve buying bitcoin by making Tesla available for Tesla buyers, ad introductions to trusted intermediaries that Tesla had been using to accumulate its bitcoin stock-pile.
https://centralbankcurrencies.com/news/federal-reserve-adds-bitcoin-to-balance-sheet/
Point 2
ETFs Could Rock the Bitcoin World
There is a growing sense that a bitcoin ETF might finally arrive in the U.S. in the not-too-distant future. The nominated chairman of the Securities and Exchange Commission, Gary Gensler, has taught courses on cryptocurrency. The bitcoin market has experienced huge growth in recent months and now has the involvement of some big institutions. VanEck, Fidelity and others are again seeking regulatory approval for bitcoin ETFs.
https://www.wsj.com/articles/etfs-could-rock-the-bitcoin-world-11618227019
Since we are onto over-the-top speculation on what could affect Bitcoin. Let's include an extinction level asteroid hitting the planet, perhaps a barrage of solar flares lighting up the planet, generating EMP-like events or the moon decides to jog off its axis...
It could become the govt policy to hold btc price to a specific level. Easy to do. You could be made into a felon. Easy to do. Your ISP could be shut down. Easy to do. 55 more ways at minimum to stop btc whenever they decide to. They will always allow time to get their friends out first. Might be what is going on right now. The job of the market is to take your money and 90 some percent of you will lose. It has always been thus.
Invest on your own DD! Information I post is generally my opinions, subject to errors and omissions!
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