I’ve been quiet about the Crypto market for the past few years, but what we’re seeing today is IMO one of the biggest pump and dumps in crypto history.

I am by no means a “finance guy”, but I sure as hell am a people person, and if this situation is as easy to read as I think it is, then my words have some merit.

Back in early November, Sheba Jafari from Goldman Sachs predicted Bitcoin’s valuation and trajectory almost perfectly. That was Cute.

Earlier this month, Mike Novogratz called Bitcoin’s rise to $10K and Ethereum’s rise to $500. He also claimed that “Bitcoin could hit $40K” by the end of 2018, but there may be “50% corrections along the way”. This is plain sexy.

With the futures market launching on the 10th, and Bitcoin’s value growing at the highest rate we have ever seen, I am getting a terrible feeling that all of these predictions were NOT simply based on market analysis. This is not just a result of new money flocking to bitcoin. This meteoric rise is based on MILLIONS of dollars of institutional money pumping the price higher than it’s ever been, with assistance from the inside.

This is a pretty CLEAR sign of market manipulation. These predictions are a way to show institutional investors that fluctuations can be controlled, and that the market isn’t as unpredictable as they thought.

My prediction is: upon the launch of futures (or shortly thereafter), Institutional investors will short BTC, sell off their stockpiles, and then re-buy cheaply. This will be the entry point for the “$10 billion” sitting on the sidelines. Just look at the Google Trends below for the following search terms. I am not the only pessimist.

To close my thoughts, I will leave you with this article: https://www.bloomberg.com/news/articles/2017-12-06/what-s-old-is-new-goldman-s-emerging-trends-have-deep-roots.

Bitcoin is nowhere to be found on this list. Ethereum, however, is very close to the top. I do believe that blockchain isn't going anywhere and will be the foundation of our future, but Bitcoin may just have to be the sacrificial lamb on our path to greatness.

P.S. Money is money and I can't be mad at anyone for making it <3