Monday 4 November 2019
The same academic who, last year claimed that Bitcoin‘s 2017 bull run was sparked by market manipulation, is now saying that the cryptocurrency‘s astronomical surge was caused by a single individual. One single whale on cryptocurrency exchange Bitfinex was reportedly able to drive up Bitcoin‘s price when it fell below specific values, according to the University of Texas Professor John Griffin and Ohio State University’s Amin Shams, Bloomberg reports. “Our results suggest instead of thousands of investors moving the price of Bitcoin, it’s just one large one,” Griffin told Bloomberg. “Years from now, people will be surprised to learn investors handed…
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