After being wary of all those new Altcoin pump and dump twitter accounts, no one was looking in the other direction.
Lets take a moment to remember what those in power do: use that power.
With a dumbed down populace due to the great Firewall, throw some pro Bitcoin messages on the media, and buy up. When we've double topped, dump, and start the flow of bad press.
A simple yet brilliant plan at the same time.
Seems like another conspiracy theory to me. A lot of the money would come from Chinese people, wouldnt it be easier to tax Chinese people more instead?
I don't shy away from conspiracy like theories since Snowden. Anyways, in a troubled country like China with many poor, kept ignorant, and bathed in pollution, a way to lift money without a connection to government may be desirable.