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(1) How Bitcoin Prices Are Manipulated (7 min read) In this week’s Deep Dive we bring some credible cryptocurrency research to our readers. Specifically, we examine an August 2020 Journal of Finance paper which looks at price fluctuations in Bitcoin. It finds that flows from a stablecoin, Tether, are intricately linked to Bitcoin returns and that one large player potentially made billions of dollars from manipulating prices between March 2017 and March 2018.
(Sam van de Schootbrugge │ 9th September, 2020)
(The commentary contained in the above article does not constitute an offer or a solicitation, or a recommendation to implement or liquidate an investment or to carry out any other transaction. It should not be used as a basis for any investment decision or other decision. Any investment decision should be based on appropriate professional advice specific to your needs.)