Can Governments Keep Bitcoin's Price Down?

2 years ago
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In this video, I discuss whether central banks and governments can use futures or other derivatives to suppress the price of Bitcoin.

The biggest problem with this price suppression strategy is that the act of printing up money to use to short Bitcoin itself has the effect of pumping the price of Bitcoin in that local currency.

So governments that continue to print fiat money and short Bitcoin derivatives are setting themselves up for the mother of all short squeezes.

Government price suppression of Bitcoin allows us to purchase undervalued real Bitcoin, which will then benefit from the melt-up.

Printing extra fiat money also has the undesirable effect of causing political unrest as it drives up the price of housing, food, and energy in the process.

Game theory suggests that it is actually much better to be the first central bank or government to buy Bitcoin, rather than the first one to short it.

If your central bank is shorting Bitcoin, while another central bank is trying to corner the whole Bitcoin supply with freshly printed money, your central bank will be on the losing side of the trade.

If the US gov is suppressing the price of Bitcoin, it should realize that it is digging its own grave and stop immediately. As a national security measure, the US government should immediately start buying real Bitcoin and creating a Bitcoin Fort Knox.

It's quite likely that the CCP is already mining Bitcoin and hoarding it.

If enough people become Bitcoiners and enough governments are short Bitcoin. . .

We will be able to bankrupt entire governments and their central banks through a massive short squeeze.

Smart governments and central banks will join the short squeeze once they realize that they cannot fight it.

Not investment advice! Consult a financial advisor.

How to move your Bitcoin to a hardware wallet:
https://www.youtube.com/watch?v=GpWH0d06YJM&ab_channel=TraderUniversity

A dummies guide to selling 42 million BTC:
https://twitter.com/woonomic/status/1571062841595269120

CME Bitcoin futures debut:
https://www.cnbc.com/2017/12/17/worlds-largest-futures-exchange-set-to-launch-bitcoin-futures-sunday-night.html
https://www.cmegroup.com/markets/cryptocurrencies/bitcoin/bitcoin.html

GATA and gold price suppression:
https://www.gata.org/taxonomy/term/23

GameStop short squeeze:
https://spectrumnews1.com/oh/columbus/news/2021/01/29/the-gamestop-stock-explosion-explained

China returns as 2nd top Bitcoin mining hub despite the crypto ban:
https://cointelegraph.com/news/china-returns-as-2nd-top-bitcoin-mining-hub-despite-the-crypto-ban

I am not being paid or otherwise compensated by any company or cryptocurrency project that I mention in my videos.

My opinion is not for sale. Please do not contact me with any affiliate or advertising deals.

#bitcoin
#futures
#fed

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