Was Bitcoin Really Manipulated?30

The following is being published on The Block with permission from the author, Alex Krüger. You can follow Alex on Medium.

In their paper “Is Bitcoin Really Un-Tethered?”, academics John Griffin and Amin Shams investigated whether tethers (USDT) are used to manipulate the prices of bitcoin. The paper concluded bitcoin purchases with USDT are often timed following market downturns, and that such patterns are most consistent with USDT used to manipulate prices.

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