![](https://steemitimages.com/DQmTMVdUrG7oRPLEGrZLKueopKoCyXPgd8PNQChcugnoh61/bitcoin%204.jpg)

Sure lots of negative news has hit the press this month and has sent Bitcoin stumbling downwards in the process. Things like the hacking of exchanges and whale belly flips i.e. sending 8000BTC to exchanges and what not never bodes well for confidence. These things without a doubt had a major effect on the recent downwards spiral of BTC when paired to its arch rival, the US Dollar.

The fact still remains that big players are getting in the game, there are many ongoing developments and although we may not know when these players will strike, it seems obvious that they will at some point and as such we must stay ever more vigilent!

Christian Ferri, President and CEO of BlockStar, had this to say about recent events: 

>"As in every technology, hacking will be painful for some in the short term; but it will be a major driver in strengthening the crypto ecosystem, making it more secure, which is key for mass adoption."

That is fine and all because the fact still remains, giant financial actors, including exchanges and big banks, are investing heavily and hiring talent to build Bitcoin trading capabilities.

>NASDAQ is planning to launch a futures market for cryptocurrencies. In fact, the stock exchange has already joined forces with Gemini, a digital asset exchange, to improve market surveillance to detect market manipulation and fraudulent trades. Additionally, a NASDAQ-powered cryptocurrency exchange platform – DX.Exchange – will be launched sometime this month.

This stuff doesn't just happen by accident. Big players have the power to bring the BTC price down and hold it there... It is a waiting game. OTC deals are happening daily and wouldn't you rather buy a large quantity of BTC for 6500$ as opposed to $20k?

Manipulation is going to be constant in this market until it reaches critical mass. At that point manipulation will still be a factor but the cryptospace in general will be all the more difficult to manipulate! 

I've said it before and I'll say it again. Crypto is here to stay. Embrace it or miss out on the chance to invest in Internet 3.0!

What are your thoughts on the matter? Any clouds with silver lining you'd like to bring up in the comments section below?

Thanks for reading! 



Source: 

Factors That Will Push Bitcoin’s Price Higher Are Gathering Steam - Bitcoinist

Image Source: 

Bitcoinist