There are two sides to every coin and to every argument, and the same goes for Bitcoin. Some argue that without manipulation, the crypto bubble may never have taken place, and the asset would still be trading at much lower prices. However, a new theory from a financial advisory group estimates that if the crypto market was free of any manipulation, Bitcoin would be roughly 40% more valuable, or at a price of over $14,000 per BTC.
The Wild West of Cryptocurrencies, Filled With Whales, Manipulation, and Spoofing
One of the first major blows dealt to the crypto market that in hindsight may have prompted the bear market, was a claim that the entire Bitcoin bull run was due to manipulation involving the stablecoin Tether.