Not a very comforting thought is it?
Billionaires are like those whales in crypto. When they see certain indicators, they can dump a portion of their stake, directly impact the market and cause it to correct hard, leaving the plebes wrecked, panicking, and getting wiped out with liquidations. Not only can they scoop it back up for pennies on their protected dollars, they can spur another bull run to pump up the value of their stakes and do it over and over again.
Definitely a sobering and worrying angle to see the economics of war and the opportunity in unrest. French Revolution time!
And yes, that is what they are doing over and over and it seems, their cycles are getting shorter, because their appetites for wealth and power are increasing.
The guillotine would be if everyone moved to decentralised currencies and cut their wealth down to what they held physically.
Ya I think that is rose coloured glasses as those Dinosaurs also write the rules and have the ability purchase a controlling or manipulative stake in crypto too. Doesn’t stop me from stacking though!