/biz/ - Business & Finance

>>57950466
>the lower XMR falls against BTC

Irrelevant metric considering how manipulated and fraudulent the BTC price is.

>>57937873
>It is just sad conspiracy theorists. Actually yes, tether and other shit are printed BECAUSE of the demand and not the other way around. So when demand is high, printing is high. If bullrun happens, printing happens. Bullrun does not happen because of printing. But this is 4chan for you.

Horseshit, there is actual academic research published in reputable journals supporting this conclusion:

>The Griffin-Shams study of the forces behind the 2017–18 Bitcoin bubble provides a guide to the strategies that could be pressing a thumb on the sales post-FTX. Griffin and Shams, now a professor at Ohio State’s Fisher College of Business, first published their 118-page report in 2018, and it appeared two years later in the prestigious, peer-reviewed Journal of Finance.

>The pair saw a strong and questionable pattern in Bitcoin prices. Bitcoin had its biggest spikes when two things happened: Prices started dropping, and lot of Tether was being printed.

>Once the whale obtained the newly minted Tether, it traded the coins for big quantities of Bitcoin on Bittrex and Poloniex. Those large buys reversed the downward trend in Bitcoin and boosted its price well above its level before the dip began. “This player either showed clairvoyant market timing or exerted an extremely large effect on Bitcoin’s price,” states the study. Today, it’s clear that Tether wasn’t holding full reserves behind the coins in this Bitcoin boom period, so that “it’s almost mechanical that money from nowhere would boost the price,” notes Griffin.

>The lesson, he says, “is that the Bitcoin market remains highly vulnerable to manipulation.”

https://fortune.com/2023/02/02/bitcoin-manipulation-price-outlook/

In b4 they're also part of the grand conspiracy.