Washington, DC had a financial plan to neuter Bitcoin on top of the usual operational plans of infiltration work etc. The way this plan was supposed to unfold ? First the USMS announces an auction for some Bitcoin they've managed to steal from US residents. The supposed auction was supposed to be open. It was also supposed to be won by a designated USG agent, and the price announced should have been significantly under market. Then any and all Bitcoin that could be begged, borrowed or stolen by Washington was going to be dumped on the market through "expert" hands, to a crescendo background of the well publicised wails of the usual suspects. And so Bitcoin was going to crash and burn.
La Serenissima, the independent republic of Bitcoin, knew all of this. La Serenissima, the independent republic of Bitcoin, knew all of this, then. How ? Ah, well…
And so the auction couldn't proceed as planned, and then the announcement couldn't come as promised, nor as delayed, nor at all – in fact as we sit and watch the Dow dropping in a day all it's gained in a year, the announcement of the results of the supposed USMS auction are six weeks overdue past their five week extension. Then the borrowed Bitcoin turned out to be just sufficient to not be enough, thus making everyone involved, on either side of the "divide", richer. At Washington's expense, of course. But what do they care, right ? They can print! The can take a little money from every single citizen, bundle it all up together and just… give it to us. Thanks, I guess!
Yet… how did the Serenissima know exactly how much Bitcoin is not too much ? And how did some random guy in a suit know where the bottom was going to be?
Questions for another time. For now, as the Dow continues to shed, the would-be leaders of multitudes are cheerfully reminded of that ancient saying, Sutor, ne ultra crepidam! Because the things you don't understand that understand you, you can't hurt. Yet they can hurt you.