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Bitcoin is taking a hammering which is well due although most likely because of some manufactured events and unfortunate circumstances including Charlie Lee making a joke on Twitter that China had officially banned Bitcoin exchanges in China.
He has since closed down his Twitter for 3 days to avoid teh back lash from the Twitter community.
Extracted from a Telegram account as referenced.
Will we see China create a regulating body in teh next few months, new legislation?
I feel yes we will however what it will be is any ones guess.
Interesting to hear what the big banking boys have to say about Bitcoin and there was a reference by Jamie Dimon that Bitcoin is a FRAUD however I am yet to see how it is unless they have a finger in that fraud.
I feel these statements are to protect existing interests and hedge funds to ensure the current financial markets are not disrupted until the time that the banks are ready to transition to crypto currencies that they will support and what they can extort interst or fees from othwerise their comapny is looking at becoming obsolete.
Adapt or die is a term used often in business.
Funny to also here that Jamie’s Daughter has Bitcoin.
Wonder how many of those are secretly Jamie’s?
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