Whales Collude?
Before you go off on me, hear me out.
Collusion is defined as :
- An often secret action taken by two or more parties to achieve an illegal or improper purpose.
- n. Secret agreement for a fraudulent or harmful purpose; a secret or crafty understanding for unworthy purposes.
- n. Specifically, in law, a secret understanding between two or more persons to act or proceed as if adversely or at. variance with, or in apparent defiance of, one another's rights, in order to prejudice a third person or to obtain a remedy which could not as well be obtained by open concurrence.
With that context in mind... we all know that COINBASE helped Microstrategy put it to the market earlier this year and acquire a TON of BTC without triggering price movement. How is this not illegal? Would you or I be able to get that same deal; hardly?
What is the motive? Getting in early is critical; always! And taking a huge position without impacting price well that is priceless!
How is this is available to those with TONS of Capital (i.e. $100M+) but not the retail investor? Perhaps its for the common good. Nope!
Can it be stopped? Sure, but it will be painful for all parties, with MAJOR emphasis on the little guy. It would destroy the Crypto markets for certain.
What would stop one whale from buying out all other whales to own a majority stake? In theory nothing, but the cost in FIAT. With the worlds reserve currency under extreme pressure (i.e. losing preferred status and value) the cost paid goes up. When you have one party with a majority control of anything it is never a good thing.
Just some random thoughts on how Big Crime pays.
