/biz/ - Business & Finance

Remember when people made fun of linkies crazy theory that the market crashed to buy cheap linkies.
Now, lets wind back the clock a bit:

Who are one of the largest bitcoin holders?
Winklevoss Twins
https://www.bloomberg.com/news/articles/2019-06-26/winklevoss-s-wealth-doubles-as-bitcoin-surges-to-18-month-high
But a lot of their money is tied to certain hedge funds that they can't simply move without attracting attention from other market makers. So what better way to liquidate some of their positions then to follow the pandemic-market-crash? Bitcoin crated and chainlink strangely crashed much more. It crashed so much, that it went to 0 on binance with bots going crazy and very old sketchy orders being filled.

1 month later chainlink somehow regains all the buying pressure it had before this and some big wallets keep buying more and more and more (the top 1% keeps buying more, being the 1.8 in march the biggest buying phase since september of last year!) and link starts somehow approaching ath again in sats

A couple of days later, gemini is announced
https://gemini.com/blog/chainlink-dai-and-orchid-support-coming-soon (the Winklevoss exchange) and he starts tweeting about link
https://beincrypto.com/tyler-winklevoss-cheers-link-marines-says-he-owns-none-yet/
(he owns none yet...).
They fucking did it. They crashed the whole thing to buy link under $2.