Over the past week, and even before that, Bitcoin prices have recorded a worrying pattern. While the US trading session caused Bitcoin to fall, Asian markets have been consistently buying on the bullshit, showing strong regional divergence.
A new report says the government may have orchestrated the decline seen during U.S. trading as part of a broader investment strategy.
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Bitcoin plummets to $85,000, rumors of US takeover hit MicroStrategy
Bitcoin’s recent price decline has revealed a sharp split in trading, with Asian traders steadily buying the dip while the US session is driving selling. BeInCrypto reported that the American session was the weakest period for Bitcoin prices.
Bitcoin pioneer Max Kaiser says the US government is eyeing MicroStrategy ($MSTR) and Coinbase ($COIN) and could take advantage of Bitcoin’s sharp drop in November.
There is no evidence to support this claim, but speculation is widespread. Some have suggested that this interest may have motivated the government to orchestrate Bitcoin’s recent fall into the sub-$90,000 range.
US government officials reportedly wanted MicroStrategy’s market-to-net asset value (mNAV) to be near 1.0 and fabricated a Bitcoin crash to compress the premium.
“The US fabricated the Bitcoin crash because they were looking to invest billions of dollars in MSTR and needed mNAV to go to 1 before it made sense to invest,” wrote Teddy, a popular user on Twitter.
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Mike Alfred named President Donald Trump, Treasury Secretary Scott Bessent, and their allies, citing a multi-step plan to shore up Bitcoin, MSTR, and stablecoins while defunding JP Morgan, the Fed, and the US banking cabal to protect the American people.
Again, there are no public statements or regulatory filings to support these claims. No representatives from the U.S. Treasury, White House or regulatory agencies have mentioned or confirmed the rumors.
“The administration sees this as a decisive battle,” Alfred noted.
MicroStrategy index risk outweighs noise
In fact, several factors have influenced recent price movements. Strategy Inc. faces the potential impact of MSCI’s proposed index exclusion for companies that hold more than 50% of their assets in Bitcoin or similar cryptocurrencies. If this policy is adopted, up to $8.8 billion of passive funds could be drained from equities.
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At the same time, the Fed’s interest rate cuts and changing outlook on bond market volatility are squeezing riskier investments, leading to wider market declines.
MicroStrategy CEO Michael Saylor has rejected attempts to reclassify his company as a fund or trust, emphasizing ongoing software and active financial operations.
As MSCI’s January 2026 decision approaches, the company continues to face real business hurdles unrelated to online conspiracy theories.
Speculation about X links the Bitcoin crash to the government’s imaginary accumulation plans, such as:
He claims that the government will “intervene and acquire MicroStrategy” and create a new “fail-safe.” The theory is that a Bitcoin crash could allow the US to reach a hypothetical 1 million BTC reserve goal. Allegations that MicroStrategy could become a long-term “honeypot” and ultimately lead to asset foreclosures.
Speculation continues as blockchain data shows the US government holds over 326,000 BTC from past confiscations.
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MicroStrategy, whose balance sheet is dominated by Bitcoin, has fallen more than 60% from its highs, with mNAV falling to below 1 as of November 23.
Even without evidence of a government bid, this rumor highlights some important realities.
MicroStrategy’s valuation remains highly correlated to Bitcoin’s volatility. Index eligibility reviews may have a significant impact on the liquidity of $MSTR. Social media-driven narratives can influence sentiment during times of high volatility.
While these are still just speculations from some of the most vocal in the industry, the timing of these posts, during one of Bitcoin’s steepest weekly declines in 2025, could be exacerbating the outbreak.
