Bitcoin : Understanding CME manipulation of BTC cash settled futures
I’ve looked at a couple of sources and my understanding is that the CME:
1. buy BTC OTC then dump that on the market to lower the spot price
2. Keep doing it until they settle their futures contracts to make cash
3. Reinvest cash to buy more BTC OTC to dump on the market again to make cash profits ad nauseum
Will Bitcoin price be forever controlled by the CME?
Bitcoin is a distributed, worldwide, decentralized digital money. Bitcoins are issued and managed without any central authority.
FindCrypto scans the web for the latest Bitcoin news, so you can find all the latest and breaking news in one convenient location.Author: recessiontime
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