Some professionals are speculating that the plan is to invest billions in, with a goal to destroy crypto by manipulating it with astronomical pump and dumps.
It's alleged that those in fiat-power are indeed threatened; and, the 'investments' will be a strategic ploy to continue to rule the world, and ultimately, crypto.
As long as there is nothing tangible to grow crypto, they have a chance to succeed.
It is all very interesting, and it's one of those way-cool moments to be able to see 2 decades down the road...lol...
Peace.
I don't think pump and dumps would destroy crypto. If they really wanted to kill all moral and interest they would use those billions to short it into the ground while at the same time getting their buddies in the press to spread FUD and while also getting money in the pockets of those not wanting to pass favorable crypto legislation. They do similar things in the penny stock markets all the time.
@jrcornel sounds like you've laid out their perfect plan...This would definitely 'succeed' on a huge enough level to prevent mega investors on the sidelines from entering in. They only need to 'hobble' crypto, before ultimately knocking it off its footing.
I stand by the premise that those in power of the fiat aren't going to go away without a battle to the end. As most who play video games know, only one can win in the end.
As it stands, we can go into 'any' store and buy with fiat. Crypto on the other hand has a way to go to be consistently 'fluid'. I hate to be a pessimist; but, the realist (novice) in me says FIAT is leading 1-0.
Peace.