Golden Finance reported that Mike Alfred, founder and managing partner of Alpine Fox LP, tweeted that there are signs that large Wall Street participants are trying to push down Bitcoin in order to put pressure on Strategy and other leverage agents, which seems to be effective. If they can push the price of BTC down to a low enough level, they will destroy the simple Marché des capitaux mechanisms these companies use to increase BTC. In this environment, it is much better to organically generate new BTC at a price far below the market price than to use debt or equity to purchase BTC on the open market for 'profit,' and the market seems to be slowly realizing this trend.
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Mike Alfred: Wall Street is trying to suppress BTC to put pressure on Strategy and other leverage agents
Golden Finance reported that Mike Alfred, founder and managing partner of Alpine Fox LP, tweeted that there are signs that large Wall Street participants are trying to push down Bitcoin in order to put pressure on Strategy and other leverage agents, which seems to be effective. If they can push the price of BTC down to a low enough level, they will destroy the simple Marché des capitaux mechanisms these companies use to increase BTC. In this environment, it is much better to organically generate new BTC at a price far below the market price than to use debt or equity to purchase BTC on the open market for 'profit,' and the market seems to be slowly realizing this trend.