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A few years ago I was listening to Caitlin Long. She predicted that some day a major conventional bank or investment firm would get caught flat footed and get rekt by a crazy bitcoin move up or down.
Today I let my imagination run wild. Here's what I thought:

  • BlackRock, Fidelity, and the other big players are using derivates to hedge their bitcoin positions. Their goal is to stifle volatility and control the fiat price.
  • All these companies operate Monday through Friday. They have never witnessed an enormous weekend move.
  • Trump starts talking at the Bitcoin Conference at 2:00pm. He makes some outrageously bullish promise. Word spreads. MAGA world goes crazy.
  • The price pumps like only bitcoin can. Word spreads.
  • Enormous shorts get eliminated. The big boys are forced to cover, further causing bitcoin to skyrocket.
  • Coinbase crashes. The price plummets,and bitcoin returns to where it started.
  • A few big institutions fail.

Ridiculous? Probably. But it would be fun.