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Is it me, or are the governments and media really doing everything in their power to get us to sell our crypto?

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There's SO MUCH bad news/narratives right now. Just in the past month:

  • Binance US got sued by the SEC and might get funds frozen
  • Binance got sued in France
  • Binance is leaving the Netherlands
  • Binance is leaving Cyprus
  • Coinbase is sued by SEC and received a show cause order from 10 different states
  • Ledger can share seed phrases
  • Tons of cryptocurrencies are alleged to be a security by the SEC
  • Atomic wallet was compromised
  • Gate.io was rumored to have insolvency problems after the arrest of CEO Zhaojun
  • Crypto.com suspends US institutional exchange service

A lot of the media coverage looks like this:

https://preview.redd.it/zskqfeyl9m6b1.png?width=1012&format=png&auto=webp&s=5badaa02ccb420b578e651fc53ec49b20c5716dc

https://preview.redd.it/6prcqz3f9m6b1.png?width=1030&format=png&auto=webp&s=35ba385120ae35f060caeae877c8cbd2448fffce

It really feels like a massive coordinated attack on crypto.

Yet in the meantime, BItcoin is still up almost 60% this year. Moreover:

  • Blackrock, the $10 trillion asset manager files for a spot Bitcoin ETF. Remember, in 2017 their CEO Larry Finks said Bitcoin is "an index of money laundering".
  • China is looking to embrace crypto again. Hong Kong is already doing so, which is firmly under Chinese control by now.
  • Binance all of a sudden reaches a deal with the US government to avert a Binance US shutdown, after a ton of fear.
  • A ton of companies are embracing cryto technology. Microsoft, Amazon, Google, Tesla, Samsung, Paypal, LG, and many more.

What is going on? There is a huge discrepancy between what they are saying and what they are doing. I wonder if they are just trying to get us to sell our crypto to them cheap.

submitted by /u/Beyonderr
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