Re:Bitcoin Takes Bigger Wall Street Stage with Smooth CME Debut
by ghostbrainalpha on Monday December 18, 2017 @01:46PM
(#15954135)
> The current bubble is based on exactly what you say, though. Price manipulation by a few shady, unregulated exchanges leading to insane price increases, followed by a speculative mania.
The current bubble is mostly based on what you say, but it is still great for all the things you mentioned earlier, "selling illicit goods over the internet, collecting money for ransom ware, evading currency controls and taxes, and general money laundering"
An investment in bitcoin was a bet that it would continue to be used for criminal activity.
The current bubble is based on exactly what you say, though. Price manipulation by a few shady, unregulated exchanges leading to insane price increases, followed by a speculative mania.