John McAfee, the Crypto Crusader, has postulated a new theory of how Bitcoin (BTC) was manipulated. This was after a team of researchers at the University of Texas (Austin) released a research paper that suggests that Tether (USDT) was used to ‘prop’ or ‘hold’ the price of Bitcoin during times of turmoil in the crypto markets.
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John McAfee has since negated this theory from the researchers via Twitter and had this to say to his loyal followers:
“The mainstream media – controlled by the existing power structure – reports that price manipulation was involved in Bitcoin’s price rise last year. Manipulation did happen, but it was a conspiracy to push the price of Bitcoin to the absurd low level that you see today. Wise up!”
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