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Yes, I'm responding more to takes like this from the article: > “My personal biases make me inclined to believe that Bitfinex is not using Tether to manipulate
by paulgb 9y ago
Yes, I'm responding more to takes like this from the article:
> “My personal biases make me inclined to believe that Bitfinex is not using Tether to manipulate the price of Bitcoin,” said Jeremy Gardner, a managing partner at the investment firm Ausum Ventures. “If they have attempted to do so, which would be deeply concerning, it’s hard to imagine that such fraudulent issuance at its current volume could single-handedly buoy the price of Bitcoin.”
My point is that being skeptical about their ability to manipulate the market in a meaningful way and make a profit doesn't mean they don't have a profitable motivation for engaging in fraud.