Who Keeps Dumping Bitcoin at 10 a.m.?

On September 15, 2008, Lehman Brothers went from being the fourth-largest U.S. investment bank to filing the largest bankruptcy in American history.

Overnight, roughly $639 billion in assets imploded. The collapse triggered a panic that nearly brought down the entire global financial system.

What triggered it?

Massive losses tied to subprime mortgages sparked a chain reaction that froze the global lending system. Credit – the lifeblood of financial markets – simply dried up.

Banks stopped trusting each other… Businesses couldn’t roll over loans… The gears of finance ground to a halt.

Governments and central banks had to intervene with emergency lending facilities just to keep the system breathing. Treasury Secretary Henry Paulson even proposed $1 trillion to buy toxic debt and prevent a complete meltdown.

Meanwhile, ordinary Americans paid the price. Nearly 4 million homes were foreclosed between 2007 and 2010 as housing prices collapsed and unemployment surged.

While banks were collapsing from reckless mortgage bets, they were also secretly rigging the interest rate that priced trillions in loans.

I’m not talking about cartoon villains in a smoke-filled room. I’m talking about a small group of traders at major global banks simply typing numbers into a screen.

In a moment, you’ll see why the story I’m sharing today matters for bitcoin…

The Game Was Rigged