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It's possible that similar things could be occurring, knowing bitcoin, probably expected. One thing to note is that the vast majority of "mainstream" interest
by canoebuilder 9y ago
It's possible that similar things could be occurring, knowing bitcoin, probably expected.
One thing to note is that the vast majority of "mainstream" interest and institutional investment came about because of the surge in pricing caused by the willy bot[0]. People saw this and interpreted it as broad-based interest and demand for btc, while the actual situation was more about a French Jewish Japanophile, deploying some shenanigans in an unregulated market trying to get the head of his embattled exchange business back above water.
So in a way the willy-bot situation has triggered all the subsequent irrational exuberance.
[0]https://willyreport.wordpress.com/2014/05/25/the-willy-report-proof-of-massive-fraudulent-trading-activity-at-mt-gox-and-how-it-has-affected-the-price-of-bitcoin/ https://willyreport.wordpress.com/2014/05/25/the-willy-repor...