The price of bitcoin in 2017 was pumped intentionally

The price of bitcoin in 2017 was pumped intentionally
The sharp rise of bitcoin price in late 2017 and the subsequent decline were caused by market manipulation - the price was supported artificially, due to the uncontrolled "printing" of another cryptocurrency, Tether. This conclusion was made by Professor of the University of Texas John Griffin and Master Amin Shams, who studied the public records of bitcoin transactions from March 2017 through March 2018.
The creators of the Bitfinex exchange issue their own virtual currency under the name Tether, which is backed up with the money - US d ...
Read more about "The price of bitcoin in 2017 was pumped intentionally" on coinatory.com

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