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July 26, 2017, 04:38:22 PM

If the BTC-e story is true, what is the likely effect it will have on the price?

Will be minimal if any effect at all. This time gov-banking oligopoly couldn't confiscate bitcoin holdings of the exchange like they did to MtGox.


I believe that something else is up too. The oligopoly want to control both bitcoin and its users. That means removing potential actors that they can't control.

Notice the recent announcement of the approval of the CFTC to allow option swaps with bitcoin through LedgerX? Yeah, they want to control the bitcoin market just like they control the metals market. They don't want money leaving the market through any side doors or back exits (unless they themselves are doing it).