If you’re referring to bitcoin for that alternative money supply then I regret to inform you that it’s manipulated to hell and back, from "stable"coin printing to now ETFs.
Believe it or not, it used to be even worse! The big step forward IMHO is that there’s no privileged party that has an advantage manipulating the price. Congress should be prohibited from owning anything but long-term dollar bonds.
If you’re referring to bitcoin for that alternative money supply then I regret to inform you that it’s manipulated to hell and back, from "stable"coin printing to now ETFs.
Believe it or not, it used to be even worse! The big step forward IMHO is that there’s no privileged party that has an advantage manipulating the price. Congress should be prohibited from owning anything but long-term dollar bonds.
Until Elon Musk tweets out that he will exchange Tesla vehicles for Bitcoin or that Dogecoin is a good investment.
Digital currencies are somehow worse than gambling unless you’re famous enough to do a pump-and-dump.
Musk doesn’t have any authority over Bitcoin, though. When he eventually fails, the rules won’t be changed to save him - like they were for dollars.