If this is true, then a huge majority of bitcoin's price is not 'natural' or sustainable growth (no more ?Willy?). This seems like incredibly bearish news if true. Anyone else wanna think this through with me?
This is the most interesting part of this theory imo, if the price has been manipulated to this degree until last week then what are bitcoins really worth? Looking at the charts there is a definite change in patterns since the Gox related crash on 25th Feb. This could be explained by the removal of a good portion of traders via Gox, but the volume (outside of whale moves) is remarkably low. Is there nearly as much interest as we thought?