November 10th, 2021. It was the day of the Bitcoin ATH, (All Time High) the #1 cryptocurrency reached, for the first and last time, $69,000 USD.
Bitcoin is being manipulated by those in power, possibly even sabotaged by someone who understands how it being tied to the markets means even more instability, which forces folks to sell.
Michael Saylor once said we would never see a 50% drop in Bitcoin. That was when the price was around $67,000 USD.
Some 6 months later, Bitcoin dropped to $38,000 USD, almost exactly 50%.
The news, short of mocking him, talked about how investing in Bitcoin could get you a loss of 50% or more.
Needless to say, we were surprised.
But it's been the plan for a few years now. Discredit, mock, lie about, provoke, and manipulate cryptocurrency until it goes away.
Have you noticed that shortly after the nearly $70,000 USD Bitcoin price tag, that odd things started happening?
For the last 20 months, the world has never seen an asset with so much potential, lose so much value.
Taking a look at the last almost 2 years, we can see the events that caused that 50% drop, and more...
After the All Time High, December gave those of us in the USA higher inflation, and with that news, Bitcoin dropped almost 20%. People start dumping.
The very next month, January, saw another 18% decrease in BTC.
After some ups and downs, in May, Terra UST depegged after millions were dumped and the markets went crazy.
Nearly 38 billion in wealth gone with Lunas collapse. Bitcoin dropped another 18% in just 8 days.
June saw Celsius stop withdrawals, as did Binance. BlockFi let's workers go, and Three Arrows Capital defaults.
Later we saw Voyager digital go bankrupt, along with Celsius...and later still in Nov of 2022, the corrupt FTX collapsed, filed for bankruptcy, and took the entre crypto markets with it.
Shouting from the rooftops were the likes of Elizabeth Warren and the FED, and SEC head Gensler calling for regulations in the exchanges.
After this insanity, there was yet just a few months later SVB bank halted withdrawals and others who were crypto friendly.
Tether depegged and so did several other stablecoins after finding their holdings were in SVB.
In all of this, I see the FED fingerprints, so as to frighten folks away from crypto.
This was all planned, and I believe it isn't over.
Whomever dumped their Terra, was a whale, and probably someone working for the FED, knowing what would happen.
None of it was a coincidence, because it all fell in spectacular fashion, and in a short period of time.
But my belief is that the FED probably believed it would destroy crypto, and when it didn't, they sent the SEC after it to hurt it more.
Thanks for reading, and please let me know what you think in the comments below 👇🏻
