While of course I agree with historical cycles, I don’t think they’re set in stone. While we know supply is pre-programmed, demand certainly isn’t and shocks to the Fiat system could lead to additional demand independently from the halving cycles.

My point here is that Fiat players may be incentivized to cover up this additional demand (through some of the practices mentioned above) in order to avoid the reflexivity that arises from strong BTC price signals.

Realize this would probably take a lot of coordination but I don’t think it would be beyond government actors for example once they categorize BTC as a national security risk.