It seems the government could manipulate the #Bitcoin price in USD? Let’s say, through various entities, the own 20% of Bitcoin (or 10, whatever). They could just buy and sell Bitcoin at the desired price to themselves. While there me be slight losses through upward momentum induced by true market forces, they can cover that through printing money. Given the market cap of <$1T, it’s small compared to the stock market. Which essentially does the same thing, in a more complex system. Counter points?
Discussion
why the government? The money is owned by a cartel of private individuals. So is the government but put that aside for a moment.
They are trying to suspend gravity. They can't control the mass movement of money, only attempt to nudge it this way and that. Sooner or later gravity returns as the manipulations run out of power versus the facts of the market.