SeekingAlpha got it right for once
https://ift.tt/3H3EymJ
Just came across [this article from SeeingAlpha](https://ift.tt/3phhNFKbitcoin-before-bitcoin-futures-etf) from a month ago, they actually got something right for once. Is anyone else concerned about this part though:
>Secondly, another concern would be the potential price manipulation from large banks. Considering how the futures market works, large banks can short these contracts and launch more shares. As such, this provides bankers the unlimited ability to create these instruments and also gives them the power to manipulate the price of Bitcoin. For example, if bank X wants to put a ceiling on the Bitcoin prices, they could just sell a large volume of futures contracts that they issue out of thin air as they know that majority of the buyers are not willing to take delivery. Governments would love this to happen as Bitcoin prices can be constantly suppressed, and they are able to fend off their main competitor to their fiat currency.
Is this gold 2.0, where the price is (allegedly) constantly suppressed?
Cryptocurrency
