Des Imoto マキシ on Nostr: It seems the government could manipulate the #Bitcoin price in USD? Let’s say, ...
It seems the government could manipulate the #Bitcoin price in USD? Let’s say, through various entities, the own 20% of Bitcoin (or 10, whatever). They could just buy and sell Bitcoin at the desired price to themselves. While there me be slight losses through upward momentum induced by true market forces, they can cover that through printing money. Given the market cap of <$1T, it’s small compared to the stock market. Which essentially does the same thing, in a more complex system. Counter points?
Published at
2023-09-18 17:43:33Event JSON
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