There are several factors that can influence the price of bitcoin and it’s alternative digital asset market, but tracing it to be political that’s I am not pretty much not sure of. The market can be influenced by traders sentiments whereby we the see the market pump and dump movement in the chart, but with BTC capped supply which is at twenty million it’s theoretically still possible for bitcoin to sell more out with futures market trade.
In a twitter thread, a crypto analyst is saying that the bitcoin price is being suppressed by political agenda in he’s four pager tweets he wrote that;
“The door is open for futures markets to control BTC price. Now along comes the CME, they launched a BTC casino where you could front USD to play.Wall Street hedge funds loved that. What’s the limits on selling BTC now?
Unlimited. Fiat is unlimited.”
Talking about the infrastructure of the future’s market he is saying that it has given these big players the ability to suppress the market price by the constant selling pressure making the market prices plummet.
“BTC doesn’t have to be killed. It just needs enough shorts in the system to suppress price.
Without a large market cap, BTC doesn’t get to make global impact.
Presently, the arc of SEC policy has been to increase futures liquidity and dominance by approving multiple futures ETF (exchange-traded funds), while rejecting all spot ETFs.
This is now a political game.”
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