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Bitcoin 2017 Surge Caused By Single Entity: Bloomberg



Last year, two academics concluded that the Bitcoin rally in 2017, when the cryptocurrency hit the all-time high, was caused by manipulation. Now the research authors figured out that the surge was likely caused by a single entity.

Single Whale Behind Bitcoin’s Dec 2017 Rally

In 2018, John Griffin, professor at the University of Texas, and Amin Shams, assistant professor at the Ohio State University, published a paper that claimed the Bitcoin astronomical gain in late 2017 was the result of manipulation.

Now the duo voiced interesting updates. They alleged that a single entity on cryptocurrency exchange Bitfinex might be ...

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