What Does GameStop Have To Do With Crypto?
We are witnessing a financial revolution with GameStop ($GME) today. The corruption of the US markets is in full view of the public today. Giant hedge funds that control the financial markets and have made it their business to profit off of the destruction of business are against the wall. GameStop was targeted by these hedge funds to short their stock and profit from their demise, but investors sick of this control have decided to buy their stock and not allow them to cover their short positions in an effort to put the hedge funds out of business. They are squirming really hard since they stand to lose billions of dollars at tomorrow’s close. In fact they have convinced exchanges to halt trading or even worse to allow only the sell side to trade to give these dirty filthy companies a clean exit. It is really disgusting. This is why I’m in crypto. The open blockchain where everything is visible to the world. A public ledger for all to see. No money supply manipulation, no more trust in corrupt government money or dishonest banks that are betting against you. It is so ugly and the corruption is so obvious. I would love to see the little guys get a break - which is why I teach people how to trade and how to avoid getting manipulated.
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