What would it look like if there WERE paper bitcoin at this point...
Anyone up to date with what Caitlyn whasserface is saying?
this could be another possibility: "They" managed to destroy the big bull markets in BTC and now can manipulate the price as they do with gold and other commodities...
In that case we go up when "they" want us to go up. And that probably means we all get a visit from Mr. Max Payne ...
"They" frequently try to control the price and try to act like they are in control of the price, yet I doubt that bitcoin is as easy to manipulate as "they" would like us to believe that it is, and if "they" get caught on the wrong side of certain trades, "they" are still going to suffer greatly for such (even though surely BIGGER) players are going to be hedged to win no matter what, but they still have abilities to fuck up from time to time.
****I feel a bit like a wakko in my above response.True, BTC is surely harder to control because of the verifiability of supply and UTXO's/ownership. But with deep pockets of infinite fiat and control over policy makers they can play the game a long time, I'm sure! ... longer than many hodlers could endure.
BUT... I think they need Bitcoin to go up in the end... that's what BTC was built for, and they will use it as such... for them it's just a new a vehicle to fleece the market ..and maybe get rid of much of the US debt...