but they said 'Oh, it's already at $1300 so it's overbought'... Implying that it'll go down, not up from here.
That's wishful thinking on their part and pure spin to their customers. In short, I think none of the players on the banks' side have any clue how to stop it so they're grasping at strings, trying to save face for now and minimalize bitcoin as much as possible.
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