Why Unveiling Fake #volume is Essential for Market Growth
▻https://hackernoon.com/why-unveiling-fake-volume-is-essential-for-market-growth-f20279b1ad8b?so
The market is under fire the last few days as the general public have finally realized that a major chunk of liquidity on exchanges does not actually exist. This has been taken as a negative for #cryptocurrency growth and adoption, but I guess someone forgot to tell #bitcoin’s price action!As a primer, Bitwise Asset Management gave a presentation to the SEC where they showed the officials how crypto volume is manipulated. While I don’t agree with their investment philosophy or financial products, Bitwise’ presentation was perfectly summed up and contained useful data that everybody needs to see.Maybe this is being perceived incorrectly. Maybe this is actually excellent for cryptocurrencies. Most of the world sees cryptocurrency as ‘fake internet money’. That perception is likely to worsen in (...)