The article argues that, "Through successive booms and busts, the price of Bitcoin has been manipulated by a handful of large players, using fake transactions,

The article argues that, "Through successive booms and busts, the price of Bitcoin has been manipulated by a handful of large players, using fake transactions, imaginary assets and sophisticated timing." It highlights the role that Tether plays. "[W]henever Bitcoin’s price began to fall, Tether was issued by Bitfinex and sent to two other exchanges, where it was used to buy Bitcoin – which would then rise in price."