It has also been a fallacy to think that, unlike the price of gold—which is underpinned by unverifiable reserves—the price of Bitcoin could not be manipulated. That doesn’t matter; right now, in the ETF markets, market makers can create more contracts than there are actual assets backing them and redeem them without having to buy any Bitcoin—in other words, by creating ‘paper’ Bitcoin.

That wasnt my claim, we are talking about an asset punishing governments. Gold hasnt punished governments and is the perfect asset for them because of the obfusication re: holdings, ownership, supply estimates etc. Although Wall Street controls bitcoins price at the moment, in the long run it would punish governments if they adopted it because the fixed supply would expose their money printing scam - gold doesnt do that...