Purpose Bitcoin CAD ETF Currency Hedged T.BTCC.J

US gov't and US Federal Reserve trying to take down Bitcoin

[GG20200]

They 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 )

[B4UInvest]

Yes they don't believe in Bitcoin, but they do want taxes from it https://www.cnbc.com/2021/02/24/failure-to-report-crypto-on-tax-returns-can-lead-to-trouble-with-irs.html

[liljohnnyjoke]

Canada is considering a cryptocurrency just so they can get the taxes from transactions and earnings. And would go into your wallet and take what they felt you owed at any time.

[Cobalt]

Bitcoin would love governments having their cryto that they will nonstop keep adding zero too bring it on :)

[mrbb]

go ahead, make my day. if gov't create their own cryptocurrency, it only validate the beauty and utility of cryptocurrency, and would make btc even more valuable  

[mrsly0]

as long as there's still many many many places that will exchange your btc for fiat... a valid one... where do you go to exchange $100K, $500K or $2M of btc into fiat? good luck

[steve957]

i dont know where you could cash your bit coin out?? must be some place i guess??  purpose built is buying bit coin every day so someone is getting cash i assume,,,I think this etf is good because its very liquid and seems to be tracking bit coin well enough,  sucks that it started trading durring a correction, looks like its going to take a beating again today  

[liljohnnyjoke]

if you need a car or 2 you can cash out at Tesla

[B4UInvest]

https://www.youtube.com/watch?v=VN_c_hYWfKY

[GG20200]

Do you really believe that ? China already bought up tons of USD  China also bought up all the gold miners and also building up a huge gold reserves. China also bought up large amount of Bitcoin,  US using Bitcoin to take down gold and take down China. I find that very hard to believe. US doesn't need Bitcoin to take down gold, they been taking down gold prices for many decades

[mrbb]

canada can create it but i won't buy it LOL  

[Cobalt]

so true and what is the gold market? was given both numbers 10 trillion and 20 trillion , Bitcoin sitting at 1 trillion and will take out the gold market value after that it goes after the 20 billion in negative bonds another 20 trillion. On the way to 30 trillion dyodd