If you go to bitcoinity and check the price of bitcoin, the first exchange they list is bitfinex. The price they list is in USD. That’s actually wrong. There ar

If you go to bitcoinity and check the price of bitcoin, the first exchange they list is bitfinex. The price they list is in USD. That’s actually wrong. There are no dollars on bitfinex. They use a currency called tethers which they claim is backed 1-1 by dollars but almost certainly isn’t. They’ve created close to a billion dollars worth of that token during this run up. Rumor has it that they’re using those tethers to buy btc on their own exchange and manipulate the price. Once people realize those tethers are worthless and they can’t withdraw dollars, they’ll start using them to buy btc at any price and withdraw them on the exchange causing a massive run up in btc price as they make a run on the bank. It’s not really an increase in btc price but hyperinflation of tethers.