A popular question in r/AskReddit is "What conspiracy theory do you believe and why?". An example of a common answer there is that Epstein did not kill himself.
Let's do our own crypto version: Which crypto conspiracy theory do YOU believe and why?
I suppose my answer would be that I believe that the big players in this space (whales) create common narratives that retail believes in to use retail as exit liquidity. Examples:
- We all believed in $100K blowoff top in 2021 --> barely made a new all time high and then crumbled
- We all believed that Bitcoin would gain dominance in the bear of 2022 --> alts have been holding up surprisingly well
- We all believed that Bitcoin could not go below a previous all time high --> we went below the 2017 all time high
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