Nearly 2.00a.m. here but glad I stayed up to watch the show. This is truly incredible, especially when we remember how we all felt in 2015 when this place was full of bears. Congratulations to all. $10,000 for one bitcoin. WOW!
I'm really intrigued to see how the next crop of psycho bears will approach the next fallow period. In 2014/15 there really was the possibility it was going to nothing. That's going to be a harder sell next time around.
The thing is is that, I'm pretty sure all the previous bubble crashes were manufactured. The Mt Gox DDoS attack, the Mt. Gox hack/offline, the "China Bans Bitcoin", then the Mt Gox insolvency (which insiders knew in advance that the Fed was going in to shut it down). All those things were completely planned. The pumpers knew what they were going to do, and how they were going to do it, 6-8 months in advance. They pumped up the market knowing they could crash it and short/dump it later.
So the question is, can they do it again? Can they run up and pop another Bitcoin bubble? And if so, armed with what? Using what? They've tried "China REALLY bans Bitcoin." Didn't work. They've tried hacking exchanges. Didn't work. They've tried "flippenings". Didn't work. They tried the "BCH is the real Bitcoin" fork. Didn't work. They tried a $30M Tether hack. Didn't work. Now they're trying the whole "Tether is a systemic crash risk!" angle. I'm not sure that's working either.
