arcticorangutan on Nostr: Is it possible the price of Bitcoin is being manipulated? There are two ways I can ...
Is it possible the price of Bitcoin is being manipulated? There are two ways I can think of that this might happen:
1) Exchanges holding shadow Bitcoin/Bitcoin as fractional reserves thus covering up actual demand (similar to what happened at FTX).
2) Some central actor shorting Bitcoin at a larger scale thus artificially increasing supply in the short term.
I actually don’t think either of these are very likely to be happening at a systematic scale but curious what others think.
1) Exchanges holding shadow Bitcoin/Bitcoin as fractional reserves thus covering up actual demand (similar to what happened at FTX).
2) Some central actor shorting Bitcoin at a larger scale thus artificially increasing supply in the short term.
I actually don’t think either of these are very likely to be happening at a systematic scale but curious what others think.