Comment: I don't think it undermines

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In reply to comment: Right, but the point is... (see in situ)

I don't think it undermines

I don't think it undermines bitcoin. Though I do believe destroying credibility was their intention!

With all govt actions comes unintended consequences and I believe the central banks have helped many people become overnight millionaires. I'm sure a lot of people sold and got rich. And good for them!

Bit coin crashed and it will recover over time. The booms and busts will just spread the timeline out further (in terms of credibility). Everyone will jump into bitcoin sooner OR later. I think bitcoin is here to stay.