The Bitcoin Price Crash, Smart Money & Manipulation of the Market

TheLuWizz
Coinmonks
Published in
12 min readMay 22, 2021

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When we are asked what is so special about Bitcoin (BTC), we answer that it is decentralized. In other words, this means that there is no central authority controlling Bitcoin. No one can artificially inflate the supply of BTC because the supply, that is, the amount of BTC, is not centrally controlled or subject to manipulation.

While this is all perfectly true, it subconsciously lulls us into a false sense of security. This is because we secretly think that we are moving into a market that banks and institutional investors have only recently entered. It is such players from the traditional financial market that we like to call smart money.

But are they really?

This article will show you that the real smart money was here long before MicroStrategy or Tesla even laid a hand on a single Bitcoin. The players in the market are actively steering the Bitcoin price to enrich themselves personally in morally questionable ways and usually at the expense of the general public.

In this article, we will not only explain in detail what actually led to the current Bitcoin price crash but at the same time reveal an old tactic that has been practiced by the “big guys” for already over 100 years and often at the expense of the “little guy.” I also learned about this tactic in such detail only recently, when I talked about it with my buddies from the Fatpigsingals.

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TheLuWizz
Coinmonks

Yoga-inspired Crypto Nomad. Balancing #Bitcoin and asanas. Join me for a joyride through #crypto, #yoga, and the digital nomad life. Good vibes only! 💡🧘‍♂️💰