Report: Bitcoin Manipulated by One Person in 2017

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Remember when bitcoin struck the $20,000 mark in December of 2017? Would you believe that it was probably a single entity or individual that made that happen? Bitcoin: Manipulated By a Single Person? This is the news being spewed out by a recent report, which states that the bitcoin price may have been manipulated over the course of 12 months – between March 2017 and March 2018 – by a single person. During this time, the market cap of bitcoin reached a whopping $326 billion, and about half of that market cap, the report says, can be blamed on manipulation. What’s interesting is that John Griffin – a University of Texas professor of finance – issued a report in mid-2018 explaining that bitcoin, during this period, was the subject of manipulation. However, he did not mention anything about all the power being in a single person’s hands, so while manipulation…

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