From the Desk of Louis Sykes @haumicharts
Bear markets bring out the worst in us.
Investors lose money and look to others to blame for their mistakes. It’s human nature; it takes less mental fortitude to pin the blame on an externality rather than adopt responsibility and work on yourself.
In bear markets, conspiracies are born, and hatred is often devised.
“If it wasn’t for the Fed, my equity curve would still be sloping up.”
“Wall Street and the wealthy are conspiring to make me poorer.”
In my short stint in this industry, I’ve noticed a lot of this self-destructive behavior.
One particular notion I’ve seen catch traction in recent days is that the CME Group — operator of the world’s largest financial derivatives exchange — is actively trying to suppress Bitcoin from global adoption.
The theory goes like this…