/biz/ - Business & Finance

https://wtfhappenedin1971.com/

>>23623212
>what is going on

They shorted the fuck out of bitcoin in march just like they did in january 2018.

The money magic does not work anymore for bitcoin, for a start it has a lower inflation rate than the fiat it's price is meassured.
Secondly while it can be shorted as gold is being manipulated down , the fact that people are using it to do international transfers means the market price readjust fast as fuck , just like that 4k short in march recovered fast as hell.

This is why wall street is accumulating now , if they can't defeat it they will buy all they can.

Also nation states seem to be getting into bitcoin to use it as a swift type system such as iran did unexpectedly.