BTC(and all altcoins) price may collapse - reason arrest
On 2017-07-26 Alexandr Vinnik, the BTC-e admin was arrested for money laundering.
This may influence the bitcoin price as Mt Gox and Cryptsy shutdown did.
So, in the next period, Bitcoin price may collapse and all altcoin prices may be influenced
Also, on 1 August, a new bitcoin algorithm may be activated and a blockchain split may happen.
Is this arrest only a high scale tactic to destroy bitcoin and make the transition to a more controlable coin as ETH?
Hmmmm. Crypto politics. Your analysis sound great but in the crypto world, nothing is directly as it seems. Lets see whether ethereum will overtake bitcoin or not. My take is,bitcoin will still remain dorminant in the long round.
@tj4real, yes, not always all is direct but also, everything that happens may influence the price.
At least for now(before the fork) ETH rised in price.