nice positioning for a government (tax payer) bailout. then etf holders get that newly extra-inflated usd when they get upset and cash out of coinbase. gov gets to seize bitcoin (maybe fork it) and gets to crush the "independent thinking" middle class financially and scare them back to tradfi, and gets to enact more invasive financial privacy laws, maybe even some politicians get their cbdc passed.
meanwhile, today, bitcoin bull Gensler is on a primetime tv tour pretending like they don't want any of it 😂