The stock market is rigged as we saw with $GME, crypto markets are more like gold, real estate or used car market, only digital so that nobody is stupid enough to buy "paper crypto" which is just fractional reserve crypto.
Now imagine if the big banking cartel where to manipulate the market of used cars, fist they would have to buy up a shitload of used cars, mostly at terrible prices. Then to dump the price they would have to sell them all, at massive loss. And when they do, a lot of people are gonna take this opportunity to get a cheap used car which will go up in value once the market stabilizes.
Of course they could trick people into some sort of honey pot or trap door, but not like this. Why choose the most expensive way possible with huge risk of failure as they cannot control these sort of markets? It makes no sense at all.
The stock market is rigged as we saw with $GME, crypto markets are more like gold, real estate or used car market, only digital so that nobody is stupid enough to buy "paper crypto" which is just fractional reserve crypto.
Now imagine if the big banking cartel where to manipulate the market of used cars, fist they would have to buy up a shitload of used cars, mostly at terrible prices. Then to dump the price they would have to sell them all, at massive loss. And when they do, a lot of people are gonna take this opportunity to get a cheap used car which will go up in value once the market stabilizes.
Of course they could trick people into some sort of honey pot or trap door, but not like this. Why choose the most expensive way possible with huge risk of failure as they cannot control these sort of markets? It makes no sense at all.