A report from last year estimates that 95% of the bitcoin trading volume is fake [1]. There's no real identity behind a wallet so bot networks can easily pump u

A report from last year estimates that 95% of the bitcoin trading volume is fake [1]. There's no real identity behind a wallet so bot networks can easily pump up the volume and price. Another study claims "A single actor likely drove the USD/BTC exchange rate from $150 to $1000 in 2 months." [2] [1] https://www.forbes.com/sites/cbovaird/2019/03/22/95-of-reported-bitcoin-trading-volume-is-fake-says-bitwise/ https://www.forbes.com/sites/cbovaird/2019/03/22/95-of-repor... [2] https://www.sciencedirect.com/science/article/abs/pii/S0304393217301666 https://www.sciencedirect.com/science/article/abs/pii/S03043...