Bitcoin Whales On the Verge of Extinction ?
Bitcoin Whales Are on the Verge of Extinction: Crypto Watchdog
“Crypto whales, as they so often do, became headline news within the community this week.
A sensationalized Bloomberg article on a year-old research report concluded that a single whale was responsible for the infamous 2017 bitcoin run. The report concluded that unbacked USDT, printed at will, had been used to pump BTC whenever it fell below a certain threshold, a relatively unfounded theory, which has circulated around the crypto space for many years.
The report was mostly debunked by Crypto Twitter’s finest. The overarching consensus remains that retail speculation drove bitcoin’s 2017 run and that the Tether-bitcoin connection is purely coincidental.”