Hasn’t bitcoin repeatedly dropped 70%+ from
record highs and then surged over that high again within a year?
But as they say, past history is no indication of future performance.
Current economic conditions are anything but "normal" by recent historical standards. A good indication of this is the fact that "real gold" has risen just as dramatically and at the same time as "digital gold" has fallen.
Bitcoin value is based on --- pure speculation and manipulation in an unregulated marketplace
But terms of amount-of-money that needed to be reinvested to bring it back to prior highs (let alone ever go like even 50% past its prior high) is significantly more this time.
You can’t pump bitcoin with monopoly money forever, because the liquidity becomes too small
Then, if the price was pumped and the liquidity didn't match it, it'd be a perfect target to squeeze (because the market is so highly leveraged), at least one trading firm should've attempted it.
What do you get by squeezing bitcoin? Once the liquidity is exposed as non existent everyone loses their money. There’s no hedge