Tuesday, May 29, 2018

Have the Rothschilds seized control over the cryptocurrency market? Ethereum's founder is asking the question

We know that the cryptocurrency market, especially that of Bitcoin, changed immensely the moment the CME started a futures contract on the crypto back in December of 2017.  But now the founder of the second largest crypto by market cap is asking the question of whether the Rothschild's, aka the Cabal, have seized control over the crypto markets.

The founder of the world's second biggest cryptocurrency Ethereum, Vitalik Buterin, has questioned whether the Rothschild conspiracy theory extends to digital money.
“Are ‘the Rothschilds’ even well-coordinated enough to be worth caring about as a group these days?” Buterin asked on Reddit. Buterin raised the issue as cryptocurrency enthusiasts are discussing the opaque IMMO blockchain project the banking dynasty is reportedly investing in. 
Little is known about IMMO, but the crypto-society has said it can be a digital token backed by natural resources like gold or somehow related to real estate. The project is reported to be watched personally by Alexandre de Rothschild, the newly-appointed head of the family’s banking dynasty. 
After a discussion on Reddit, Buterin said he came to a conclusion that the Rothschilds’ possible influence on cryptocurrencies is overrated. “My updated view after seeing the replies is that they are just people born into various old-money-type high society positions, and the theories that they are anything beyond that are fairly baseless,” he wrote. 
In December, the Rothschild family reportedly purchased bitcoin exposure, via the Grayscale Bitcoin Trust, for the first time. The conspiracy theories around Rothschilds’ cryptocurrency control are being heated up by a 1988 publication in The Economist, a magazine controlled by the family. – Russia Today
Cryptocurrency advocates tout the fact that the majority of the virtual currencies are decentralized and therefore unable to be controlled or manipulated.  However with hedge funds, investment banks like JP Morgan and Goldman Sachs, the Rothschilds themselves, and validation that 99% of all Bitcoins are owned by 1% of the registered wallets, the fact is that no matter what asset or market you refer to, if you own the lion's share of that asset you can control that market no matter how decentralized it is. 


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