RATE Group | Cont: Was One Whale Behind Bitcoin Reaching $20k In 2017?
68208
post-template-default,single,single-post,postid-68208,single-format-standard,ajax_fade,page_not_loaded,,qode_grid_1300,side_area_uncovered_from_content,footer_responsive_adv,qode-content-sidebar-responsive,qode-child-theme-ver-1.0.0,qode-theme-ver-13.3,qode-theme-bridge,wpb-js-composer js-comp-ver-7.9,vc_responsive
 

Cont: Was One Whale Behind Bitcoin Reaching $20k In 2017?

10 Nov Cont: Was One Whale Behind Bitcoin Reaching $20k In 2017?

Posted at 19:34h in Bitcoin News by

[ad_1]

  • New study suggests one whale was behind 2-17 bull run

  • Co-founder at BlockTower Capital argues this point comparing it to the stock market

  • Ari Paul says the logic is flawed

Executives from multiple big-time blockchain companies have said that a recent study claiming that just one investor was what likely manipulated the leading cryptocurrency to its record high of $20,000 in December 2017 is, in fact, misleading and that it is actually based on a misunderstanding…

As previously reported by CryptoDaily:

“In winter of 2017, there were a lot of claims floating around in regards to manipulation. Well now, researchers have escalated their claims about market manipulation for the time and are now claiming that it was just one whale that was responsible for Bitcoin’s historic price surge.”

Done by John Griffin and Amin Shams from the University of Texas and Ohio State University, the study highlighted that its findings suggest that the move of Bitcoin to its…

[ad_2]

Source link

Tags:
, , , , ,