What if there's a "dark" market for Bitcoin? Strategy, all these governments and companies starting Bitcoin reserves, etc, do you really think they're going to be buying it on open markets like Binance? No. They'll be buying directly from miners, or whales, "over the counter". Retail dictates the public price, but all of these massive deals are not happening on public platforms. Whose to say they even use the public price as a reference point? Governments, individuals, companies, are free to exchange bitcoin at whatever price they agree on. I just don't see big corporations and governments boosting the Bitcoin price "authentically" by using open markets. They get their supply elsewhere. Keep in mind as well, that exchanges can overstate their bitcoin balances and absorb any money coming in without letting the price skyrocket. This will only become apparent when these big players settle to onchain addresses.