BITCOIN BOOM IS SOON. G-7 Central Banks Market Manipulation is Going to Invest Hugely in Cryptocurrency.

in #mgsc6 years ago

https://www.coindesk.com/2018-year-central-banks-begin-buying-cryptocurrency/

image source:

image source:
https://www.google.com/search?tbm=isch&sa=1&ei=3akvW5GbK4z59QOb16joDg&q=2018%3A+the+year+central+banks+begin+buying&oq=2018%3A+the+year+central+banks+begin+buying&gs_l=img.12...370493.419989.0.421164.47.42.5.0.0.0.182.5052.0j42.42.0....0...1c.1.64.img..0.22.2180...0j35i39k1j0i67k1j0i24k1j0i8i30k1j0i30k1.0.SRQqo68llkE#imgrc=iXGH96Qqkws4pM:

This article was published on Dec 18, 2017 at 12:50 UTC. So many people don't attention on this article. But this article shows the main reason behind the decreasing the market cap value and also dump in BTC.

G-7 meeting held in Canada , this month AND g-7 countries discuss on crypto currency. Now G7 central banks will start buying crypto currencies to bolster their foreign reserves.

A turning point for G-7 central banks will be when the bitcoin market capitalization (at high near about $865 billion) exceeds the value of all SDR's that have been created and allocated to members (approximately $291 billion).

Now G-7 central banks want to buy crypto at cheap price , that means when the market cap near the $291 billion or below.

At this time the market cap is around $242 billion.

There are second thing is the average mining cost of BTC is near about $5000. So banks wants to buy this at between $5500 to $6000.

This is done with the help of whales.

when these banks start to buy then the BTC price will grow and the time start to buy near.
thank you.

Sort:  

Nice & great information bro...

As usual, nothing is certain, but let's hope you're right.

Congratulations @steemnarrow! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 1 year!

Click here to view your Board

Do not miss the last post from @steemitboard:

Carnival Challenge - Collect badge and win 5 STEEM
Vote for @Steemitboard as a witness and get one more award and increased upvotes!

Congratulations @steemnarrow! You received a personal award!

Happy Birthday! - You are on the Steem blockchain for 2 years!

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Vote for @Steemitboard as a witness to get one more award and increased upvotes!

Congratulations @steemnarrow! You received a personal award!

Thank you for the witness votes you made to support your Steem community and for keeping the Steem blockchain decentralized

You can view your badges on your Steem Board and compare to others on the Steem Ranking

Do not miss the last post from @steemitboard:

Use your witness votes and get the Community Badge
Vote for @Steemitboard as a witness to get one more award and increased upvotes!