US gov't and US Federal Reserve trying to take down BitcoinThey failed miserably trying to take down Bitcoin many times.. Bitcoin is not Gold and Silver
It's much easier to take down Gold and Silver with naked shorting of gazillion amount of gold and silver paper based on the futures action. If that method doesn't slow buyers from accumulating gold and silver .... the CME comes in and raised margins ... if still doesn't slow it down .. they will hike margins non-stop until the buyers gives up on buying gold and silver. If raising margins doesn't work, the criminals will change the rules of the game.
The problem with Bitcoin is that ... it doesn't really follows the bitcoin futures.
If you want to take down bitcoin.... you need to have tons of bitcoin in your wallet .... ready to dump in huge amount. The US gov't only have limited amount of bitcoin probably half a percent or 1/% ... they going to need help from other bankers to do the dirty jobs for them. BUT STILL WON'T WORK
The US gov't can come up with their own digital currency ... it won't make any difference .. it's still a fiat .... which they can print $2 trillion, $10 trillion, or even $100 trillion and cause hyperinflation in United States.
Government digital currencies cannot compete with Crypto especially BITCOIN... Bitcoin is limited to 21 million coin which is why the coin is so valuable and harder to manipulate its prices.
The world gov't already tried many times to banned Bitcoin in the past... Bitcoin still around at a much higher price than ever before and more and more institutions are adopting it . There's too many companies already adopted the Bitcoin system and too many retail buyers got involved already. The US gov't can no longer stop it .
Bitcoin is heading to $100,000 short term .... load up on Galaxy ( GLXY )