You can’t control price with an ETF that needs to prove its backings. Plus the worst that they can do is short term sell which would just give people an opportunity to buy the dip. I think you don’t realize bitcoin is a Hydra and if you cut 1 head off 2 grow back. It’s open source software, and it’s not going anywhere. It becomes stronger when attacked
Discussion
You can control the price by scaring the shit out of people through various regulatory tactics. What is stopping them from banning P2P currency, and pushing a massive propaganda campaign to make Bitcoin public enemy #1 in the minds of the brainlets out there?
https://bitcoinmagazine.com/culture/doctor-bitcoin-jailed-for-selling
These people deeply embed themselves in the market - look, they finally got to Binance and installed their own puppet. I think we need to be a little more skeptical over the lengths these people will go to protect the systems they have spent decades building.
And you think they haven’t been creating propaganda against Bitcoin yet? They have been for 15 years. If their goal is “banning p2p” they are going to be in for a wake up call. They would first need to try controlling 51% of hash power, which at this point will prove very difficult if not impossible. Then by the time they get control btc will fork to ignore that hash signature and all of those machines will be useless. All just to short term attack the network? Again this just doesn’t sound logical or economically feasible at all. They can spread lies all they want and collude with regulators but these regulators only have jurisdiction in tiny pockets. BTC will move where it is favored, it’s that simple. Look at the China ban in 2020 and you’ll understand and attack on Bitcoin just splitters it into a thousand new enemies