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How many of the people closely involved in these market-moving Fed statements are trading crypto futures with insider information? It's probably virtually impo
by blunte 5y ago
How many of the people closely involved in these market-moving Fed statements are trading crypto futures with insider information? It's probably virtually impossible to know, and it's almost certainly occurring.
Because of this conflict of interest, plus natural human/animal greed, I always wonder if the message is really important or if it was just to create a wealth opportunity for the insiders. Most statements by any influential financial source create a temporary change in markets which tend to return to their previous state, so one could assume that these messages could serve a little hit and run opportunities without lasting (negative) impacts.
But there is also the fear of loss of control. Governments and dictators like to have (or appear to have) control over money. So inevitably, third party, non-governmental competitors such as stablecoins are a threat to the powers that be. Thus, they have a potential bias which could color or even form their public statements and actions.