I am a bit convinced that government is behind the recent Bitcoin pump. Here are reasons for the pumps :
1. To buy as many Bitcoins as possible in order to fullly control it and manipulate the price in the future.
2. To buy as many Bitcoins as possible, make some profits for the "futures investors", dump them all, crash the price and create a massive chaos in Crypto World. This is to enable Regulators to step in and take full control of Bitcoin or ban it entirely. Most users will eventually welcome the moves for their investment safety.
which government is behind the recent Bitcoin pump? USA, China,.....etc
1. you can mine bitcoin so if I have 1M bitcoin can’t have full control of bitcoin.
2. daily trading of bitcoin more than 160k
BTC it is hard to be controlled by price only.