What we are seeing is payback for 2008. What satoshi did by inventing a new, decentralized asset class, WSB retailers are now doing by playing the game in a way the hedge fonds were too arrogant to expect. They were caught with their pants down and are now trying to shift the blame.
Remember: What's going on is not some pump and dump scheme. It's not a matter of trying to find the greater fool. They're already there. It's the hedge fonds that overshorted the stock. They will be the ones holding the bag in the end. That's the endgame.
There's a chance that retailers will fail. That paper hands sell before the short squeeze comes because Melvin Capital et al manage to drag things out by getting bail out after bail out. Or because they manage to get the rules of the game changed mid-play. Either way, it's the biggest fuck you to old finance since the conception of Bitcoin.
I personally wouldn't hurry with conclusions, as this drama isn't over and we're yet to see any actions from SEC, who already said that they are monitoring the situation.
I really do hope the SEC is monitoring the situation. Following the situation closely you could see a lot of manipulation going on both in the markets and the main stream media. You know how sometimes you would see these weird, failing pump attempt spikes in crypto? You could see the inverse with $GME.
