SELL! SELL! Sell your dollars.. (it's afraid)
(media.greatawakening.win)
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Up first, because higher demand.
Then the CB would own, let’s say 10000 BTC, which they bought at the nice price of x million worthless dollars they just created out of thin air.
They then dump the 10000BTC (maybe even for a profit), and crash the price. Buy even more Tether for worthless newly created USD, rinse and repeat.
They don’t care if they lose money doing it, they just want people to see crypto as a dangerous volatile investment object (like gold/silver) to keep them away from using it as a safety net.
People saying you can’t manipulate crypto are either liars is very naive.
If you control the (digital) money press, you control the world, even cryptocurrencies.
The next thing they will do is to create crypto futures, or another type of “paper crypto”, so they can manipulate that system more easily as well.
This doesn't seem like a credible threat to bitcoin. People who are in the market already know it is volatile. A few roller coaster rides won't change anything. The only thing the central bank can do is try to outcompete bitcoin... and printing trillions of funny money just helps bitcoin.
It’s not to scare the couple of million people already into crypto’s, it’s to scare away the normies and prevent it from going mainstream.
Cryptos are a real threat to the Central Banks, and they will do any thing necessary to keep it off the mainstream.