WHAT IF this was all staged to show that #Bitcoin price can be manipulated and to use that argument to reject the ETF tomorrow
(Just a thought)
Discussion
Cool demo @secgov. Do inflation next.
My guess is less about that and more about incompetence of the SEC. I think any asset would have gone through the same gyrations if put through a similar scenario. Which is worse, if the account really did get hacked or if they are incompetent idiots and posted a draft tweet too early? Either way this isn't a good look for the SEC. I suspect Tom Emmer and others will ramp up their calls for Gensler to be fired. Emmer has labeled Gensler an “incompetent cop on the beat” for his role in confusing the marketplace
https://emmer.house.gov/2023/4/emmer-sec-chair-gensler-is-an-incompetent-cop-on-the-beat
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