Bitcoin was at least in part something that came out the 2008 crisis. Crypto has never seen an economic crisis yet but if you've been paying attention to the stock market the past couple months it looks like we might be in for another crash. Crashes almost always happen in 8 year cycles and it's been 10 so we are long over due.
Normally I would presume that this bubble was like all the others and the price will slide down for several years before the next bubble. However a stock crash could be a black swan event for bitcoin causing the true mega bubble and from the ashes of this coming economic shitstorm bitcoin and blockchain will rise.
Given the scandals around elections and companies like Cambridge analytica harnessing user data and using sockpuppets to influence the outcome of elections, I view it as highly likely that powerful people are using the same tools in the cryptosphere to influence the market or will in the near future.
A lot of people I' ve noticed (including myself) presumed that with the recent Soros news that he must already have bought in otherwise why would he tell everyone and risk exciting the market forcing him to buy higher? Well maybe his firms have used analytics and determined there is a lot of negative sentiment towards him and so it's a false flag, for lack of a better term. He actually hasn't bought in and is genuinely waiting. And this news was an attempt to scare the crypto market down lower because as many redditors have commented "soros crashed the Bank of England and is going to do the same for bitcoin!" So it becomes a self fulfilling prophecy.
So Soros(or his firm) are getting itchy fingers because it looks like stocks are going to plummet, given that the entire crypto market is less than 1% of global GDPa market that it is going to essentially replace I might add, there is still a ton of room for growth. So moving from stocks into bitcoin right before this crash could be the trade of the century.
Perhaps that could even explain the movements we saw today.
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