We should have gone over $100k last cycle. How high would the blow off top have gone? $105k, $150k, $200k? Who knows. But we should have had that blow-off top and we didn’t because of the DeFi shenanigans.

FTX, BlockFi, Celsius had 150k bitcoin that they had to liquidate? How much paper bitcoin was caught up in those psyops? A couple hundred thousand?

Here we are - 9 months after the halving - still floating around a purchasing power of $100k. Bitcoin influencers everywhere - even the hardcore maxis - are drooling over MSTR.

MSTR has exchanged dollars for claims on 450k bitcoin. You don’t think there are games being with the bitcoin they have bought? How much price suppression can COIN and MSTR and financial/government actors achieve by fractional reserving MSTR’s bitcoin? How does the fractional reserve scheme get exposed when governments are backstopping COIN?