In this video, I talk with author and economic analyst John Sneisen about the recent development out of Russia as it has been announced that the Moscow Stock Exchange will now trade cryptocurrencies!
Now, it's one thing to just strictly trade cryptocurrencies, but what's really happening is a totally different story than almost any media is reporting. People will be trading ETFs and derivatives on cryptocurrencies.
From Bitcoin.com
We've seen the toll ETFs and derivatives have had on the gold and silver markets as they're manipulated into a mould that man creates. It allows banks to rig precious metals like gold and silver as they have. Mainly banks like Deutsche Bank, HSBC, Scotia Bank, BNP Paribas and others have made gold and silver an artificial bear market since 2012 when naturally they should have been bull markets considering the buy up of physical money.
These ETFs are a great way to suppress the true value. It over complicates that which is so simply and allows the value to be manipulated.
One bases Bitcoin not just on the scarcity and demand but on the market cap. Simple as that! But now these banks will be falsely telling us what the value is.
This can not be accepted by those of us in the Bitcoin and cryptocurrency communities.
With that said, the manipulative chains of the banking system will break alongside the chains that hold gold and silver down once the fiat empire falls, but it's still important to point out how dangerous this manipulation is.
On top of this, as Bitcoin surpasses Netflix and PayPal in market cap and comes up on Morgan Stanley, according to Business Insider, there are now 50 hedge funds dedicated to cryptocurrency. John also breaks down the positive side and the negative side to this development.
Let's always keep in mind what true demand and value is. Let's never allow us to further be centrally planned and rigged. There is always an agenda behind rigging that is not in the interest of the consumer. The free market always prevails but the state collaboration with the banking system in rigging markets is not a free market.
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