If Wall Street tries to coordinate a #BTC dump, the firms dumping will never be able to acquire the same amount of BTC again.
When they sell, prices will drop...
And I'll be buying.
I know millions of other people want a price drop and they'll probably be buying too.
Do you think if the price dumps to $30k people won't buy more?
Every BTC taken off exchanges is another BTC that Wall Street firms won't get their hands on for a very long time.
So they can sell and try to manipulate prices down...
But there's way too much risk involved because this is an asset that people can self-custody.
Shorting #Bitcoin can mean you take unlimited potential losses - a 100% increase in the price of BTC means you take a 50% loss.
A 200% increase in price means you take a 67% loss.
Do you REALLY think Larry Fink is playing games when he says Bitcoin is a flight to safety?
It's much more likely that firms will try to manipulate the price UPWARDS to get people to sell.
When they sell, firms will buy and never sell again.
Do you think $100K is high?
What about $200k?
$500k?
$1M?
There will be someone willing to offer you a lot more than that because they know that Bitcoin is worth MUCH more in terms of USD, a currency that can be printed at will.
Relentless demand is about to meet finite supply.