put another way, the fed could print the market cap of bitcoin, buy it all, and bury it. ... probably already are
use bitcoin as money
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There is a reason why Saylor is the headliner at every damn Bitcoin conference.
Just saying.
Let's say they're doing that .. then either ..
(A) they burn the keys --> BTC total number is lowered --> less BTC sold --> higher price (assuming demand stays constant)
(B) they dump some amount on the market to crash the price --> price crashes temporarily but DCA'ers quickly consume the excess supply and the price eventually recovers
No?