RE: Bitcoin Spikes: Can Anybody Explain Them?

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Bitcoin Spikes: Can Anybody Explain Them?

in bitcoin •  7 years ago  (edited)

On July 17 Nouriel Roubini tweeted:

"Bitcoin literally spiking up by almost 10% in about 30 minutes today based on no news. So only explanation: price manipulation. Since Tether recently printed another $200 million of fake money & since research proves Tether used to manipulate BTC, manipulation is at work again."

You've said before that Tether is either a scam or it will eventually be shut down by the US government. Is it plausible to you that Tether has been manipulating the market? Could one organization trigger 10% spikes in 30 minutes?

If hypothetically it were true that Tether has been manipulating the market, and you knew it, what would your investment strategy be in this market?

Source: https://twitter.com/Nouriel/status/1019371606550941696

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