Oddbean new post about | logout
 $3 TRILLION wiped off stocks in minutes because of global recession fears.

#Bitcoin Total Market Cap is merely $1.25 Trillion.
A rounding error.

There is $900T of wealth and the world is under-allocated to Bitcoin.

Gradually, and then suddenly... 
 Central planners are currently confusing everyone, keeping the #Bitcoin/USD exchange down by slushing Bitcoin around between Seized/ETFs/Tether/Futures. Essentially buying and selling to themselves at manipulated prices. Propping up the USD, allowing them to back fill losses with minimally printed money. To avoid a rapid collapse of the system. Can’t have the stock market collapse at the same time Bitcoin go to 100k….

Example, today’s manipulation: https://image.nostr.build/649989574a3850f4bed998b368763d0e12ff5d8140659baeaf0e72d216a705f7.jpg  
 the oligarchs don’t really like bitcoin, they just want to use it like the rest of the games in the casino. We’ll see how that turns out