I don’t know that it’s because of Bitcoin…but I’m ridiculously confident the current tight monetary policy is solely designed to create destruction worldwide in order to support the US Dollar, and Bitcoin is part and parcel of this.

I lived through the Fed doing this in Feb/Mar 2000. They pulled MASSIVE liquidity out of the system rapidly & for little reason…but everyone knew (& it was openly admitted) that it was specifically to kill the equity-driven Internet revolution that was undermining old-guard media, retail (and peripherally) banking.

Think on this: America Online (which had been in business for 7 or 8 years at most) had recently bought Time-Warner.

This was, imo, the shot across the bow, that old people with money (i.e. controlling the ‘system’ via media) were sweating the young barbarians at the gate.

The Fed knew these young co’s were fueled by late-90’s easy money. They chose to kill this technological onslaught, and hung average Americans out to dry to do it. The result was that, after the massacre, ‘Old Money’ was able to swoop-in and take over the Internet ‘revolution’. Time-Warner divorced from AOL, and the Internet revolution was undermined and almost completely co-opted.

As an old school punk-turned-investment pro…I was on the ‘outside and the inside’ enough to see what was happening, and I know what I saw.

Fuck shitcoiners, they’re children. The cypherpunks made Bitcoin happen because they knew what it took for the System needed to be undermined.