0 sats \ 2 replies \ @Eximpius 11 Feb 2023 \ parent \ on: To what degree is the Bitcoin price manipulated? bitcoin
It wasn't whales manipulating prices, lol.. Its because they printed money and handed out to everyone while also paying people not to work!!!! A lot of that money went into "crypto"" and btc. Im sure a lot of PPP money did as well. Just like the housing market and other markets went up.. people bought assets with that NEW money
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0 sats \ 1 reply \ @SantaNotSanta OP 11 Feb 2023
I don't think the two are necessarily entirely mutually exclusive. The covid helicopter money could have spurred on the bull market, and whales could have then taken the reigns and controlled the direction of the charge. i'm not saying that is what happened, just playing devils advocate.
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0 sats \ 0 replies \ @Eximpius 11 Feb 2023
Anything is possible, for sure. Occam's razor says it's probably not a conspiracy from some group of whales though… The simple answer is normal economics playing out.
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