The computer excuses they gave were far from convincing....but that price pump coincide more-so with the FED announcement. Dollar bad = Bitcoin good. In other words, unbacked US IOUs that will be devalued repeatedly are loosing favor to a currency that is backed by pure security and functionality as a currency; a currency that can't be banned, blocked, censored, sanctioned, canceled, or taken from you, even by the government, isn't owned by some corporation, isn't slush fund for wars, isn't so insecure that it's primary use is fraud. Bitcoin also has a MUCH smaller carbon foot print than the legacy currency system, which requires 100's of skyscrapers, and 10K's of office buildings, then an additional amount of public buildings, banks....all with like 2 million employees driving their smog car to work daily.....mostly to track and eat the losses of fraud. It's hard work. Globally, the monetary system eats several hundred million dollars in fraud.....every HOUR. This grows each year too.

The government fears losing control of your money and losing the ability to track every purchase you make, as well as the threat of flipping a switch to make your bank account and labored compensation $0. It's just slavery with extra steps.

With Bitcoin, the only way they will take your money is through coercion. It's called the rubber hose decryption method. They beat you with a rubber hose until you give them the passphrase.