Mon. Nov 18th, 2019

Timor Invest

Gold Bullion and Cryptocurrency investing news

A single anonymous market manipulator caused bitcoin to top $20,000 two years ago, study shows

1 min read

CNBC/Michael Sheetz/11-4-2019

photo of white flag of surrender“’One of the SEC’s top worries is that crypto is subject to manipulation. This study appears to lend credibility to that argument,’ Cowen analyst Jaret Seiberg said on Monday.”

USAGOLD note:  Hard to believe it could be that easy. . . .Casts a pall, too, over crypto-currency ambitions to compete with fiat money and over whatever credibility remains after the volatility-inflicted damage made apparent long ago.

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