We have not seen bad news lately, but most Crypto currencies are losing value. We have to ask ourselves, why that might be?
The theory is that Wall Street traders are using Institutional Capital to create a favourable environment for them to buy bitcoins for themselves.
The South Korean clamp down is just FUD that are being used as an excuse to dump some coins. There is no threat, because the South Korean government is just tightening regulations to protect their consumers from unregulated exchanges.
We know Wall Street traders are getting large Bonuses in January and some of them might invest some of that money into Bitcoin for themselves. Why would they not manipulate small markets like Bitcoin to buy cheaper bitcoins for themselves?
What do you think?
Do you have a source for this? News articles are saying that the South Korean Government wants to ban trading through exchanges, which is basically what China did, and that sent Bitcoin crashing. There was also a recent raid on their biggest exchanges for apparent tax evasion.
I don't know about this conspiracy theory though. Everything is in the reds, yes, but this is not the first time that has happened. Simply saying Wall Street could be behind it just because they're about to get their bonuses feels like a stretch to me. But oh well, no one really knows the precise causes of these price swings anyway.