Sunday, December 20, 2020

24k





Bitcoin set a valuation record yesterday at Coindesk: $24,000. Market-trackers, preeminently Morningstar, however do not have it ever hitting 24k. It is as clear as it can be to one with 20/400 eyesight that 24k is an artificial ceiling, that is, the price of BTC is being manipulated again. There is no reason for it's five-day rise from 19.452k to 23.874k December 15th through 19th. The undersigned watched in breathless, though bewildered glee as it rose in 2017 above 20k for the first time. It was reported much later, in 2018 0r 2019, that the price had been manipulated by some whales. 

The 24k ceiling is, in the view here, transparently artificial. I checked the price many times yesterday (on Morningstar), had a "24k" post ready to mark the occasion, watched as it got to $23,996, refreshed, refreshed, but it never got to $24,000. It's bogus. The price right now is $23,775.