The Real Reason Crypto is Tanking
While MSM media is pointing the finger at China and Elon Musk, the truth is
BIG BANKS AND HEDGE FUNDS ARE IN TROUBLE.
Please understand something: the media does not work for you. The media works for them^
The biggies just stole nearly half of your crypto hodlings so they could cover their asses a little while longer. Shit is about to get real my friends. Dr. Burry warned us. All that news about how institutions are "buying the dip"? Bullshit. They are trying to get you to put more of your hard-earned money in so they can take it again. It's no coincidence that the crypto market tanked on the day that the world's largest hedge funds were undergoing liquidity tests, and continued to dump when the tests didn't go so well, and the biggies started liquidating their crypto holdings. I'm speculating about the liquidity test results, but a 40% dump in the crypto market smells like whale shit to me. The fact that media blames Elon, China, and paper hands only serves as confirmation that hedge funds and banks are the ones dumping.
Now, I didn't come here to shill for GME/AMC- As a data scientist I have been extremely skeptical of the whole situation, but after 80+ hours of research, I truly believe that hedge funds are in a life-and-death situation. All of my attempts to debunk the squeeze have been overshadowed by one simple fact: there are more AMC and GME shares owned than actually exist. How many more, we don't know- but I believe the number to be in the tens of millions.
Big banks and hedge funds are fighting for their lives, and they will destroy whatever is necessary to preserve themselves. They are making moves as we speak. Retail crypto hodlers need to wake up and start making counter-moves or we are going to lose- and lose in a big way.
It is my belief that GME and AMC are the battle fronts. So yeah, I guess I'm here with my hat in hand, looking for soldiers to join the cause. If we can force a major squeeze, it could result in the largest redistribution of wealth (to the people this time) in history. 100K might sound like a ludicrous share price for GME/AMC.. but then again, there are many of us who have had an eye on crypto since Bitcoin was worth pennies. A short squeeze is absolutely possible. All the mathematical conditions exist right now for it to happen.
TLDR; There is a class war happening. Know your enemy. It is not Elon or China. It's the people that the media isn't talking about.
submitted by /u/BurnieSlander
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