1. Bitcoin has been getting attacked a lot lately and the attacks show no signs of slowing down. Despite what the media will have you believe, there has been a ton of manipulation to the downside. 
2. I believe that big players are trying to drive the public out and make them lose all faith in Bitcoin so they can accumulate a large percent of the supply and keep it suppressed for years to come. So far this strategy seems to be working.
3. 54% of people polled this week believe that Bitcoin will never reach a new high, and 1/3 of that same group believe it is going to $0. Many people I know believe that Bitcoin is dead or dying. The sentiment has clearly shifted from late last year.
4. Earlier in the year at US congressional hearings about cryptocurrencies, Senate and House members asked loaded questions about crypto currencies to imply that they were in a bubble and were unsafe investments.
5. Representative Brad Sherman peddled the narrative that cryptocurrencies are only useful for criminals and terrorists. His top campaign contributor the last couple years was @AlliedWallet an online payment processing company that has a lot to lose if crypto adoption increases.
6. There have been constant “smack downs” where sellers appear out of nowhere to dump thousands of BTC on the market to drive down the price. These tend to occur at key support and resistance points. This is not an accident. They know where traders are waiting to buy and sell.
7. The sell-offs are timed to match up with carefully crafted FUD narratives in the media. Around 20,000 BTC were dumped in early May on Bitfinex just days before an interview aired on CNBC where Warren Buffet, Charlie Munger, and Bill Gates took turns bashing Bitcoin.
8. Around 25,000 BTC were dumped on Bitfinex starting 24 hours before news broke that the Department of Justice was going to start an investigation into Bitcoin price manipulation.
9. Around 8,500 BTC were dumped on Bitfinex hours before news broke about a crypto exchange hack earlier this week against Coinrail, a small exchange in South Korea.
10. Around 8,000 BTC were dumped on Bitfinex hours before a report was published claiming that Tether artificially inflated Bitcoin prices during the 2017 bull run.
11. In each instance the media used the bad news to justify the sell-offs, but based on the timing, it seems much more likely that the drops were due to well connected insiders and not panic selling from retail traders and investors (although they probably contributed as well).
12. Earlier this year, the media claimed that the Mt. Gox trustee was to blame for the BTC price drop by market selling millions of dollars worth of BTC. Everyone believed it despite the fact that he explicitly said that he did not do it (pages 6-7).
mtgox.com/img/pdf/201803…
mtgox.com/img/pdf/201803…
13. In early April news broke that George Soros, the Rothschilds, and the Rockefellers were entering the cryptocurrency space. Naturally, people thought this meant that the bear market was over and we would soon see new highs.
14. On April 12th Bitcoin rose around 15% in an hour. That evening, a piece aired on PBS News Hour about Bitcoin claiming there is still interest, and it is still going strong despite the recent price drops.
pbs.org/newshour/show/…
pbs.org/newshour/show/…
15. Is it just a coincidence that a story filmed months earlier happened to air the same day that Bitcoin’s price had just surged? Probably not. The Rockefeller Foundation is one of the top donors for PBS News Hour.
16. This brings us back to the news yesterday that Bitcoin’s price was artificially inflated last year due to Tether. A 60 page report was published by two researchers from The University of Texas in Austin.
nytimes.com/2018/06/13/tec…
nytimes.com/2018/06/13/tec…
17. The report provides no proof that Tethers are not backed by USD, but makes the assumption anyway. It was published on June 13th, the same day as the @CBOE futures settlement, despite the fact that most of the research comes from earlier in 2018. Is this another coincidence?
18. Amin Shams, the co-author of the paper, is listed as an “expert” on the website for the Institute for New Economic Thinking (INET), a non-profit think tank founded by, you guessed it, George Soros, and also partially funded by the Rockefellers.
ineteconomics.org/research/exper…
ineteconomics.org/research/exper…
19. While the paper does not disclose who funded the research, and it is possible the university paid for it, INET has provided research grants to the University of Texas multiple times in the past so it would not be a huge stretch to consider the idea that they were behind it.
20. While all the attacking has been going on in the mainstream media, large financial institutions have been quietly working with regulators and building out their own crypto offerings. We may have a while to go before Bitcoin finds a bottom, but it is far from dead.
