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Crypto Surge Sparks Establishment Panic: Bans, Crackdowns, & Fatwas As...

• http://www.zerohedge.com

The last few months have seen increasing notice being paid to Bitcoin (and the broader cryptocurrency space) by those that control the status quo.

At first it was simple 'negative'-speak - "you'd be a fool to buy Bitcoin"-esque comments spewed forth from the truly ignorant or intentionally-ignorant (this group included bank CEOs, asset managers, payments systems, and remittance services) but to no avail, those fools saw the value of their bitcoins surge... Like the Winklevoss twins...

Then - as the price soared and the market cap of Bitcoin topped that of General Electric and Goldman sachs - the world's central bankers began to take notice... but in their standard manner, played down any risks, explaining that any systemic fragility "was contained" since cryptocurrencies were not big enough (this group included various Fed presidents, Bank of Canada, Bank of France, Bank of Japan, Bank of Korea, and so on all echoing similar phrases)... even though Bitcoin is now the 6th largest currency in circulation...

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