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Strategies & Market Trends : Blockchain and Cryptocurrencies

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From: Elroy	11/12/2022 3:06:25 PM
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The third largest crypto exchange goes bust in a matter of days, losing a large chunk of depositor's assets in the proces, and ......the amazing thing (to me) is that someone today is paying $16,800 for one Bitcoin. Does anyone think that Binance runs trading and it's exchange in a way designed to inflate the price of Bitcoin? It seems likely, since the Binance owners own a lot of Bitcoin, and they control the world's main price discovery tool for Bitcoin. It seems that gives Binance the incentive to support the price of Bitcoin rather than let markets do the discovery without intervention. Who in the world is buying Bitcoin today? That's what I wonder.

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