I just came across a paper written by John Griffin and Amin Shams which states that the bitcoin price was being stabilized because of a coordinated price manipulation with tether.
I respect empirical studies but I don't want to believe that. Many have become millionaires because of their investments in bitcoin and other cryptos, which is what attracted even more investors as these new currencies were being adopted by many to conduct business.
I am still a bit puzzled by the results of the study.
Cryptocurrency has attracted a lot of investors due to people making testimonies that they became millionaire through investing on this and it does continue to lure more investors now even if bitcoin is experiencing a crash right now. We can't deny the fact that there are speculations that bitcoin's price is manipulated and i tend to believe that it is true.