Quote from: Torque on Today at 07:37:42 PM

Quote from: cAPSLOCK on Today at 07:32:51 PM

Quote from: Torque on Today at 02:05:07 PM

End of year/beginning of new year prediction:

Some well-known entity or person is going to announce a sizeable bitcoin acquisition. It could be Elon Musk (again), Jack, M. Saylor, Ark Invest, or some other notable person or company we haven't heard about yet.

It'll either happen right before 2021 ends, or shortly after 2022 begins.

Just leaving this here for the funzies.

You think the price action is in part reflecting that "work" currently being done?

Yes.

Wealthy elites, entities, and funds don't buy assets on-market and at high prices. They buy OTC, below spot when the asset is undervalued, and their whale connections help them to do it.

I agree with your assessment... and I think we will see much much more of this. But it is interesting to me to see if this ultra organic asset with a real limited and known supply will be endlessly manipulable like paper gold. I have a feeling physical gold being sequestered to <God knows where> is an integral part of how this trick works. With a ephemeral bearer asset I think the kind of shenanigans needed to run this rope-a-dope are in jeopardy, perhaps.

This is a new frontier, I think. A fun time to be alive for sure.