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.
This accusation must accompanied with evidence so we better look at it as positive information. Market manipulation was possible if do you have a huge capital to gain and control the trading price and volume but the question was is this already happening for me it has need to be supported with factual evidence.