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.
At the moment, you do not need to be a cryptography guru to see the manipulations in the crypto market. These people do not stop. The market continues to be wild. Institutional investors do not want to invest that is why. Too much risk. Too many manipulations ...
