Michael Saylor: Prepare for 'Next Big' Crypto Crash? (Bitcoin Manipulated)

Wall Street Involvement in Bitcoin and Crypto

The speaker discusses the involvement of Wall Street in Bitcoin and crypto, addressing the potential for market manipulation.

Market Manipulation

• The speaker acknowledges that Wall Street is known for manipulating markets.
• However, they argue that Bitcoin's price volatility is a result of its free market nature, where anyone can buy or sell with leverage.
• The speaker believes that manipulation is not the correct term, instead, the market is enabling individuals to make trades.

Characteristics of the Bitcoin Market

• Bitcoin is a highly volatile market, with a volatility index of 60 compared to the S&P's 15.
• The market is open 24/7/365, allowing for rapid trades with high leverage.
• The speaker argues that this volatility is a result of the market's freedom, enabling individuals to make trades quickly and with leverage.

The Role of Wall Street

• The speaker believes that Wall Street is just one of many actors in the Bitcoin market.
• They argue that if Wall Street or other actors make "stupid" trades, they will lose money, and the market will become smarter.
• The speaker sees the market as a game for adults, where individuals can make trades and create liquidity.

The Benefits of a Free Market

• The speaker argues that a free market maximizes productivity and quality of life.
• They believe that allowing individuals to make trades and create liquidity is essential for the market's stability and growth.
• The speaker concludes that the Bitcoin market is an example of a truly free market, where individuals can trade and innovate without restrictions.